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A partnership deed is prepared with the consent of all partners on the stamp paper as per the laws of the particular state.
Our experts will prepare all the applications and file it with the authority and you’ll be ready to kickstart your partnership firm.
We’ll follow up with the government departments. This makes sure that your application is processed and is on top of their priority. We’ll also help in answering any query that they have. We’ll keep you updated on the same.
The difference between these two is that the latter is registered with the Registrar of Firms (ROF).
If a firm is not registered, then it cannot enforce its claims against a third party in the court of law. Neither it can file a case against any of its partners.
Partners of a registered partnership firm can file suits against each other or even against the outsiders. Partners of an unregistered firm cannot sue the firm to enforce their claims. They cannot even file a suit against each other.
Suppose a new partner is being introduced. Before joining the firm, he can get all the required information from the registrar’s office and he will be more confident about joining the firm.
Even the third parties who are interested in dealing with the partnership firm can get information about the firm from registrar’s office.
What this means is that, in case of a registered partnership, when any partner is retiring he does not have to give public notice of his retirement. The retiring partner can retire peacefully after informing the registrar about his retirement.
In LLP the partner’s responsibility is limited to the capital he contributed and in case of a future loss, his personal assets are safe.
It is compulsory to file the annual return to “Ministry of Corporate Affairs” in case of a LLP
A normal partnership can be started at around 3920 Rs. whereas a LLP can cost up to 8900 Rs.
No , its not necessary to register a partnership firm. Though if registered it offers certain benefits.
Minimum : 2
Maximum in case of Banking business : 10
Maximum in case of Other business : 20
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