40%

Original price was: ₹9,999.00.Current price is: ₹5,999.00.

Deliverables *

a) Detailed discussion with the Lawyer to understand your JV related transaction.

b) Experienced business law expert Lawyer will draft the JV agreement.

c) Final discussion call to add suggestion you may have.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Choose your required Document & pay

Category:

Documents Required to form a Partnership Company

ID proof of the Partners
PAN, Aadhar Card, Passport of all Partners
Partnership Deed
Oral or written, preferred in a written manner to avoid conflicts
Address proof of Firm
Electricity bill/Telephone bill/Water bill shall be submitted as address proof.
GST registration
GST registration has to be presented
Form no.1
Application Form no.1 for registration under Partnership Act is required.
Passport-size photographs of Partners
Recent passport-size photographs of partners are required.

Advantages of Forming a Partnership Company

Generating large capital
Multiple partners can contribute and generate large capital
Work-life balance
Multiple partners can share responsibilities allowing work-life balance
Innovative Ideas
Multiple partners can bring their experience and new ideas to the firm
Sharing loss
The loss will be shared among all the partners
Business form
A simple form of business including no complications
Registration
Registration is not mandatory

Register Partnership Company Online in India

LegalAspire can help clients register their partnership company online in India by providing comprehensive assistance and guidance throughout the registration process. Here are the steps that LegalAspire can help clients with:

  1. Understanding the Partnership Registration Process: LegalAspire can help clients understand the registration process for a partnership firm in India. This includes explaining the necessary documents and requirements needed for registration.

  2. Obtaining Digital Signature Certificate (DSC): LegalAspire can help clients obtain a Digital Signature Certificate (DSC) for the designated partners of the partnership firm. The DSC is required for filing the online registration application.

  3. Applying for Director Identification Number (DIN): LegalAspire can assist clients in applying for a Director Identification Number (DIN) for the designated partners. The DIN is a unique identification number allotted to the partners of the company.

  4. Drafting the Partnership Deed: LegalAspire can help clients draft the partnership deed, which outlines the terms and conditions of the partnership. This includes details about the business, capital contributions, profit sharing ratio, and other important clauses.

  5. Filing the Registration Application: LegalAspire can file the online registration application for the partnership firm on behalf of the clients. This includes submitting all necessary documents and paying the required registration fees.

  6. Obtaining the Certificate of Registration: LegalAspire can assist clients in obtaining the Certificate of Registration for the partnership firm once the registration process is complete.

Overall, LegalAspire can simplify the partnership registration process for clients and provide them with expert guidance and support every step of the way.

 

 

What is Partnership Company?

A partnership firm is a type of business structure in which two or more individuals come together to carry out a business venture with the intention of making profits. The individuals involved in the partnership are called partners, and they share the profits and losses of the business according to a pre-agreed ratio.

Partnership firms are governed by the Indian Partnership Act, 1932. This act defines a partnership firm as “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”.

The partners in a partnership firm may contribute capital, skills, or both, to the business. The partnership agreement, also known as the partnership deed, outlines the terms and conditions of the partnership, including the rights and duties of the partners, the profit-sharing ratio, the capital contribution of each partner, and the duration of the partnership.

One advantage of a partnership firm is that it is relatively easy to set up and requires minimal legal compliance. Additionally, the partners can draw on each other’s strengths and expertise to make the business successful. However, a partnership firm is also considered a liability partnership, meaning that the partners are personally liable for the debts and obligations of the firm.

 
 
 

 

Few Steps to Incorporate Partnership Company in India with LegalAspire

Registering a Partnership firm is not compulsory and optional but at the same time, LegalAspire strongly recommends you get the partnership firm registered to enjoy more benefits, special rights, and privileges than an unregistered one. To start the process you would have to provide all the basic details. After all of the required information has been provided and payment has been received, our expert will begin working on your request.

  • Purchase the plan and our experts will start working on it.
  • Our experts will help you select a unique name to avoid problems at a later stage in cases where the name is already in use, the name is inappropriate, etc.
  • Our experts will help file the application in Form 1, for registration of partnership firm.
  • Experts will help draw a mutual Partnership Deed to avoid conflict at a later stage.
  • Submission of documents after with partnership deed;
  • After closely scrutinizing the documents and verification, a Certification of Registration is issued.
  • Our experts will handle all the necessary paperwork with your cooperation.
  • The team will notify you of progress and once the process is complete the product will be delivered to you.
Eligibility Criteria/ Checklist for Partnership Company in India

Missing 

 

Frequently Asked Questions

What is the scope of liability?
Every partner is liable, jointly with all the other partners, and also severally for all acts of the firm done while he is a partner.
What are the disadvantages of not registering my partnership firm?
An unregistered partnership firm cannot file a case against a third party or any partner.
How can I dissolve my partnership firm?
A partnership firm can be dissolved either by mutual consent or all partners become insolvent.
How many individuals are required to establish a partnership company?
There can only be a maximum of 20 partners in a partnership firm, and there must be at least two members.
How much capital is required to start a partnership?
Any amount of capital can be used to start a partnership company. As such, there is no minimum requirement.
What is Partnership Deed?
A partnership deed is an agreement between the partners that specifies the partnership's terms and guidelines.

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A JV is a very lucrative arrangement as it offers an enormous amount of benefits by which the parties to the JV could gain. The JV could be a beneficial arrangement in the following ways:

  • Leveraging of strength & resources available with both the parties;
  • Creating a platform to attain the business goals which are otherwise difficult or uneconomical to achieve independently;
  • Access to newer markets or segments;
  • Strengthen position in the existing markets;
  • Diversify into new businesses;
  • Gives competitive advantages;
  • Shares the risk or initial losses associated with a new business;
  • Allows the business to expand with a smaller amount of capital.

A JV can be structed in the following ways:-

1. Company

2. Partnership Firm

3. LLP

4. Strategic Alliance

No. This is not mandatory.

 

The parties to the J.V can contribute in the form of monetary capital, Plant & Machinery, technology, customers, know-how and experience, etc.


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