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.
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