Partnership firm is a simplest legal solution to start your business . With only 2 to maximum 20 members, entrepreneurs can easily start their business by registering it with the Registrar of Partnership Firms with very less paperwork. Partnership firm is not registered under the MCA like the Pvt Ltd, LLP or OPC. Partnership Firm Registration in Maharashtra and Madhya pradesh through streamline biz solutions.
In a Partnership Firm Two to Twenty associates can be taken and again it is not a separate entity so partners are responsible for everything happened to a Partnership Firm. In a Partnership Firm if a partner dies then it automatically dissolves, there is no transfer of liabilities or assets as there are no Nominees.
In a partnership firm there are not any guidelines on capital investment partners can start a firm at any capital also. There are no government compliance’s to be done, so it becomes easy to manage your business and cost effective.
Partnership firm Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Documents we need
- Name of the Partnership Firm
- PAN and Aadhaar card of Partners
- Mobile Number and email id of Partners
- Object of Partnership
- Light Bill for the Registered office (Rent Agreement if rented)
Advantages of Partnership
- Better than sole pro proprietorship
- Easy registration