Partnership

ACCASYS offers partnership registrationfrom Rs.6000/- onwards

Payroll Administration

From Rs.6000/- onwards

all inclusive fees

Partnership

A Partnership business structure can only be formed when there are at-least two or more individuals involved in administering a business. Partnership registration is relatively easy and not compulsory in the eye of law (Indian Partnership Act, 1932). The Registration of partnership deed will clearly layout the duties of each partner and the need to oblige each one’s responsibility and perform their duties as per agreed terms as set out in the Partnership Deed. The unregistered partnership firm cannot sue third parties but can be sued by third parties in any case. The same applies to partners who cannot sue each other and the firm as a whole - this is a big setback for an unregistered partnership firm.

Pricing

Basic
6000/-

all inclusive fees

Accasys’s basic plan includes drafting of partnership deed by a Lawyer

Standard
10000/-

all inclusive fees

Accasys’s standard plan is same as basic plan but comes along with deed registration.

Premium
16000/-

all inclusive fees

Accasys’s s Premium package includes trademark filing along with deed registration

PARTNERSHIP PROCESS

Understanding the business

Our experts will first understand the nature of your business, Partnership structure like - Profit sharing ratio, Monthly remuneration payout and other relevant details to draft a Partnership Deed that is acceptable to all Partners

Drafting of deed

Based on the information gathered, our team will work on Name search and approval. Finally the drafted Partneship deed and other relevant document will be submitted to the registrar of firms of the state.

Registration Certificate

ACCASYS Team will help procure the certificate of registration for you and this will be issued by the Registrar, and a copy of the same will be given out to all the partners.

TAN AND PAN If required

If you opt for PAN and TAN registration for your Partnership Firm, our expert team will do needful to obtain the same from the relevant Authorities once the Partnership Firm is registered. Current account should be initiated under the name of partnership firm using the PAN Card.

Steps and processing time frame for completion of Business registration.

Partnership Sole proprietorship Limited Liability Partnership (LLP) OPC Private Ltd
DSC & DIN N/A N/A 5 to 7 days 2 to 4 working days 5 to 7 days
Name Approval Any name but not infringe on a registered trademark. N/A 5 to 7 working days 2 to 4 working days 5 to 7 days working days
REGISTRATION Not compulsory but to avail legal benefits
5 - 7 days*
TAN & MSME under Udyog Aadhaar.
3 to 5 days
10 to 12 days* 5 to 7 days* 5 to 7 days*
Total time taken 7 to 14 days 3 to 5 days 15 to 20 days 10 to 15 days 14 to 20 days

Compare Your Options

Partnership Sole proprietorship Limited Liability Partnership (LLP) OPC Private Ltd
Home businesses Small traders and manufacturers Professional services firms Sole promoters Start-ups and growing companies
Almost impossible Impossible Possible, but unlikely Possible, but severely unlikely Very easy to accommodate
No No Yes Yes Yes
Minimal Minimal Most efficient Few benefits Few benefits
No No Yes Yes Yes
Minimal Minimal Low High High
Documents Required

Documents Required

Identity and Address Proof of All the Partners
1. Pan is Mandatory &  Passport Size photographs of each Partners
2. ID proof - Any one of Aadhar Card/Drivers License/Passport/Voter’s ID
3. Address Proof - Bank statement/ Utility Bills (EB)- less than 2 months old
4. Proof for Business Address
  • Rented Premises - Copy of Rental agreement, EB & NOC from Landlord
  • Own Premises - Copy of Sale deed and EB AND Property Tax Receipts
5. Signed documents
  • Form No. 1 (Application for registration under Partnership Act)
  • Original copy of Partnership Deed, signed by all partners
  • Affidavit declaring intention to become partner