Partnership Firm Registration | Firm Process, Fees & Documents


Partnership Firm Registration | Firm Process, Fees & Documents


Minimum Two Person

Two person is needed to become partners of the firm. However, maximum 20 partners are allowed in a firm (10 in banking business)

No FDI is Allowed

Foreign investment in a partnership firm is not permitted. In the firm, only Indian citizen can become the partner and start the partnership firm.

No Minimum Capital

No minimum capital is prescribed, it must be based on the business requirements. The Stamp Duty on the deed is based on the capital of the firm.

Unique Name

Name of the firm should be unique, and it must not same or similar to the name of any existing trademark which is registered or applied.

Comments

Post a Comment

Popular posts from this blog

What is e-invoicing?

Image
  What is e-invoicing? E-invoicing is the process of uploading all your B2B transactions (Sales,  Credit Note  and  Debit Notes  made to businesses including all types of exports) on the IRP (invoice registration portal) for the purpose of authentication or registration. Once authenticated, the IRP will issue a unique IRN ( Invoice reference number ) for every invoice. This IRN will need to be converted to a QR code along with other invoice info and printed on the face of the invoice for it to be considered valid. Not only this, for applicable transactions, e-way bill nos. will need to be generated simultaneously along with e-invoices.  E-invoice solution in TallyPrime For businesses to have a smooth transition to the e-invoicing system, it is extremely imperative that your  business management software  is integrated with the IRP portal. As you may be aware, Tally is a recognized GSP ( GST Suvidha Provider ) and thus, TallyPrime uses the GSP route to communicate directly with the IRP.
Read more

Know All About PTE Summarize Written Text to Score High in Your PTE Exam

  PTE Exam (Pearson Test of English) is important to help you study or settle abroad. You must have nodded your head reading this, but to what extent is it important? Are you putting in enough efforts to grab your desired score? Did you know PTE Summarize Written Text - the 1st task of your PTE Writing is easy to score, and it can contribute to your overall score? Here is where many aspirants mistake to concentrate on this task. Though it is easy to score, it needs full focus and concentration. Let us understand in details about it to become more familiar with it. What is PTE Summarize Written Text? As the name speaks for itself, this task is all about summarising a paragraph into a summary. You will get a paragraph of 150-200 words which you have to read and summarize in one single sentence of 5-75 Words. You will get 10 minutes to complete this task. There are chances that you get a different type of exam pattern with: 2 Summarize written text & 1 essay - (40 minutes)  3 Summariz
Read more