Partnership Registration

According to Sec 4 of the Partnership Act 1932, “Partnership is the relation between 2 or more persons who have agreed to share profits or losses of a business carried on by all or any of them acting for all”.

1. TYPES OF PARTNERSHIP FIRM:
   
   
   1.Registered Partnership - Partners need to execute the agreement known as Partnership deed and stamp duty needs to be paid based on the state act, such deed executed and an application along with the prescribed fees is submitted to the Registrar of Firms of the state.
   2.Unregistered Partnership - Partners execute the deed and start the business without submitting or registering it in the Registrar of firms.
   
   
   Partnership Registration Process :
   1. Documentation
   2. Drafting of Partnership Deed
   3. Payment of Stamp duty of Partnership Deed
   4. Signing of partners
   5. Submitting to Registrar of Firms
   6. Application for PAN
   7. Application for TAN