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 rout...
Read more
Image
  Powerful Upgrades and Connected Services for your growing Business What is TSS? Tally Software Services (TSS) is a software subscription for a collection of services which add great value to your TallyPrime by giving you the latest developments in technology and statutory laws. Continuous product upgrades and Updates, connectivity driven functionalities such as online data exchange between your branches, remote access, seamless banking and payment services and much more, enhance your business performance by leaps and bounds. ey Benefits Connected Service to Generate e-Invoice Generating and printing e-invoice is amazingly simpler with TallyPrime’s connected services. Tally being a recognized and ISO certified GSP (GST Suvidha Provider), TallyPrime directly integrates with IRP portal to seamlessly generate e-invoices. Auto-generate e-invoice instantly Print IRN and QR code automatically with no changes to the invoicing process that you follow. Flexibility to send individual/select...
Read more