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Partnership Firm Registration

Consist of a team of two or more? Partnership might be the way to go
Prices start at
INR 8999 /- only

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    Simplify Your Business Start-Up: Partnership Firm Registration in Maharashtra

    A partnership firm is formed when 2 or more people come together to form a business. They mutually decide their business goal , how profits/losses would be shared amongst themselves, what are their responsibilities etc. Compared to other business structures like a company, LLP etc partnerships offer a lot of flexibility in management. Also, the cost of a partnership firm registration in Maharashtra is lower. 

    Why Register Your Partnership Firm in Maharashtra?

    A partnership firm in Maharashtra provides many advantages:

    Shared Ownership and Decision-Making:

    Partners have combined rights and responsibilities, this helps in developing a sense of collaboration and shared vision in the firm. The Business will benefit from the feature of Synergy

    Easy and simple Business Structure:

    The partnership deed allows to set the profit-sharing ratios, investment contributions, and management roles based on the needs of your business. The terms are highly flexible and can be customised

    Lower Registration Costs:

    Compared to a company, registering a partnership firm involves lower fees and simpler procedures.

    Easier to Set Up:

    Partnership firms can be easily, in not less than a week

    Documents Required for Partnership Deed in Maharashtra (Continued)

    • Partnership Deed: This is the core document outlining the terms and conditions of the partnership. It should include details like:
      • Firm name and address
      • Partners’ names, addresses, and contributions (capital, expertise, etc.)
      • Profit-sharing ratio
      • Management roles and responsibilities
      • Dispute resolution mechanism
      • Duration of the partnership (if any)
      • Exit strategy for partners
    • Proof of Identity and Address: Each partner must provide a copy of their PAN card, Aadhaar card, or any other government-issued ID proof along with address proof.
    • Photographs: Passport-sized photographs of all partners are typically required.

    FAQ's on partnership firm registration in Maharashtra

    Get answers to your queries

    Minimum 2 or more individuals can come together and form a partnership firm in Maharashtra.

    Registered partnership firms need to file income tax returns. Apart from that accounting records must be rightly maintained Depending on your business activity, need to register for GST and other laws might come come. But worry not our expert compliance team will guide you at each step

    Registering partnership firms adds to the enforceability of contracts

    Yes, husband and wife can be partners in a partnership firm in Maharashtra.

    Eager to start a Partnership Business in Maharashtra , here is an overview of the process

    1. Partnership Deed: The Deed is the bible of any firm. The partnership deed lays down the mutually agreed terms on which the business runs. It clearly states how profits are to be shared, disputes settled, capital requirements etc
    1. Keep ready Necessary Documents:
    • Identity Proof: Aadhaar Card, PAN Card, and Passport (if applicable) for all partners.
    • Address Proof: Utility bill, rental agreement, or property ownership documents for the registered office address.
    1. Approach an expert service provider: While you can initiate registration process yourself, partnering with a professional service can save you time and ensure a smooth experience. Here at ClearBiz, our team of legal experts can guide you through every step, from drafting the Partnership Deed to online registration with the government.
    1. Government Registration: Once the deed is executed , the same can with registered with the local Sub registrar. This adds to legal value of the document
    2. Obtain Your Registration Certificate: Upon successful verification, the department will issue a registration certificate, officially recognizing your partnership firm. This certificate serves as a crucial document for establishing your business identity and accessing various benefits..

    Why Choose Our Partnership Firm Registration Services in Maharashtra:

    ClearBiz will act as your trusted partner for the process in Maharashtra. We do much more than the initial registration process. We are an all-round Service provider

    1. Expert Assistance with Partnership Deed Drafting: Our team of legal professionals ensures your deed is customized, legally sound, and adheres to Maharashtra regulations.A neatly drafted Deed will help the Firm have a stronger stand in case of disputes
    2. Streamlined Online Registration: We guide you through the registration process, ensuring all steps are completed accurately and efficiently.We will leave no stones unturned till we have perfection
    3. Dedicated Support: Our team is available to answer your questions and address any concerns throughout the registration process. You will always be informed of the status of your service.We are a fully transparent team of professionals

    How to Build a Successful Partnership

    While registration is an important step actual success depends greatly on building a strong foundation for your partnership. Here are some additional tips to consider:

    1. Open Communication: Ensure there is an atmosphere of Open communication and trust within the members of the Firm.
    2. Clearly Defined Roles and Responsibilities: Clearly write down each partner’s responsibilities and decision-making authority in the Partnership Deed. This helps avoid future conflicts and disagreements
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    What are the expected cost for Partnership firm registration Maharashtra?

    The total cost of registration has 2 major factors Legal fees paid to professionals and Stamp Duty to be paid on deed. ClearBiz offers a transparent cost structure and can provide a detailed breakdown based on your specific requirements.To get a detailed quote give us a call today

    Eligibility Criteria for Partnership Firm Registration in Maharashtra

    To register a partnership firm in Maharashtra, you must meet the following criteria:

    1. Natural Person and Indian Citizen: All partners must be natural persons and Indian citizens.
    2. Resident in India: At least one partner must be a resident of India.
    3. Minimum Authorized Capital: There is no minimum authorized capital requirement for partnership firms.
    4. Nominee Appointment: A nominee (not a partner) can be appointed to manage the firm’s affairs in case of a partner’s death or incapacity.
    5. Restrictions on Certain Businesses: Certain businesses like banking, insurance, and public utilities might have specific registration requirements.
    6. Conversion to Private Limited Company: A registered partnership firm can convert into a private limited company at any time.
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    Additional Services 

    Beyond registration, we shall extend our support on these areas also:

    • Assistance with Obtaining a Digital Signature Certificate (DSC): A DSC is required for online registration and filing of documents. We can assist you on obtaining a valid DSC
    • Business Bank Account Setup Guidance: We will handhold you in choosing the right bank and make the process of opening a business bank account for your partnership firm easier
    • Business Registration with Tax Authorities: Registering your firm for taxes like GST is also important for compliance. ClearBiz can guide your business on tax registration procedures and their compliance aspects