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How to Start a Partnership Firm

To start a Partnership firm, partners need to enter into an agreement which is popularly known as Partnership Deed. Different states impose different stamp duty on the partnership agreements/deeds, it means while creating a partnership instrument (Deed) the partners must purchase stamp paper of appropriate value as may be applicable in the respective state, to be annexed with the agreement. An agreement can further be notarized. Though registration of partnership Firm is not mandatory under The Partnership Act, 1932, however, section 69 of the act specifies the effect of Non-Registration, according to that an unregistered firm shall not be able to recover any sum more than Rs. 100. Hence, it is strongly recommended to register the partnership firm with the registrar of firms ( ROF).

Requirement to Start a Partnership Firm

Minimum Two Person

Minimum Two Person Two person is needed to become partners of the firm. However, maximum 20 partners are allowed in a firm.

No FDI is Allowed

Foreign investment in a partnership firm is not permitted. In the firm, only Indian citizen can become the partner and start the partnership firm.

No Minimum Capital

No minimum capital is prescribed, it must be based on the business requirements. The Stamp Duty on the deed is based on the capital of the firm.

Unique Name

Unique Name Name of the firm should be unique, and it must not be same or similar to the name of any existing trademark which is registered or applied.

How to Register Partnership Firm Registration

Start your Partnership Firm easily with our experience of 14+ years of delivering quality professional services. Our dedicated team will help you to register your partnership firm across India. We will extend our support in Documentation, Preparation, filing and subsequent Follow-up with the registrar of firms.

All India Services at Reasonable Price
CA, CS & Legal Services at One Place
Old is Gold, Serving startups Since 2004
EMI Facility For Paying Our Fee

LLP Registration Online – An Overview

LLP refers to limited legal responsibility partnership and is governed by using restricted legal responsibility Partnership Act 2008. restrained legal responsibility partnership affords a bonus of confined liability to its owners and at the same time calls for minimal maintenance. The administrators of a personal restricted corporation have restrained liability to creditors. In case of default, banks/lenders can best sell organisation’s assets and not personal property of administrators.

LLP Registration can be done through Efillingonline.com in all Indian cities.
Choose LLP because
Dual advantages- Company and a Partnership
No partner will be responsible for other partner’s misconduct
Cheaper to incorporate than a private limited company
Limits the liabilities of its partners

Procedure For LLP Registration

1. Complete our Simple Form

You need to fill our simple company registration form and submit documents for formation of a company.

2. Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN.

3. Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

4. Document Submission

We will create all the required documents and file them with ROC on your behalf.

Limited Liability Partnership

Photograph of Partners
PAN card of Partners
Aadhaar Card/ Voter identity card of Partners
Copy of electricity bill/landline bill, water bill – Not older than 2 months
Rent agreement (for rented premises)
NOC (No Objection Certificate) of owner – Format will be provided
Identity proof of ownership of the place of business

What is LLP or Limited Liability Partnership?

Why Company Registration

Firm Company Registration is the most popular platform used by a person to run its business across national and international platforms. Registration of the company is regulated by Ministry of corporate affairs, Companies act 2013 and Companies rule 2014.

One Person Company(OPC) Registration

Concept of One person company was introduced to Companies act 2013 and is being appreciated by many entrepreneurs and start up’s across the nation because it helps them to meet their business needs by having following advantages attached to it

Only single person is sufficient to form a company
Separate Legal Existence than the individual identity of person incorporating One Person Company.
Limited Liability
Ease in the process from incorporation to dissolution of the company.
Favorable funding opportunities

Limitations attached with formation of One person company

If an OPC exceeds a turnover of over Rs.2 crore or has a paid-up capital above Rs.50 lakhs, it must be turned into a private or public limited company within six months
A Resident of India is a person who has stayed in India for at least 182 days in the preceding 1 year.

So If you are planning to start your venture alone, One Person company registration can be taken in just 10-15 working days through Efillingonline.com from anywhere in India

How to Start a Sole Proprietorship Firm in India

A proprietorship is the simplest form of business in which enterprises can start, Only one person invests entire capital in the firm, and he alone is entitled to the profits of the business. For a Proprietorship Firm, there is no registration as such, and it starts at the will of the proprietor/owner without obtaining any certification.
However, registration with Goods and Services Tax (GST for Proprietorship Firm) and obtaining TAN number for complying with the TDS related provisions of the Income Tax Act is desirable and necessary.
Bankers also insist for two KYC documents in the name of the firm to open a Current Bank Account in the name of Proprietorship Firm. We are available to assist in the starting proprietorship firms all over India.

Important Features of Sole Proprietorship Firm

Start Immediately

Proprietorship can start immediately at the will of the proprietor and obtain GST Registration in 30 Days of starting operations.

Tax Benefit

The income of the proprietorship is included in the income of proprietor itself. Hence slab based tax rates apply resulting in tax benefit.

No Foreign Funding

A proprietorship cannot be funded with foreign money, and it can be owned only by Indians & NRI with some conditions.

Easy to Close

Business may be closed easily, just surrender all registrations and licenses obtained in the name of the proprietorship business.

Procedure to Start a Proprietorship Business

Selection of Name

First thing is to select a unique name of your proprietorship business, however, ensure that the name does not infringe with others trademark.

TAN Number Allotment

You are required to deduct TDS while making payments, hence the next step is to obtain TAN number, which is mandatory to submit TDS Returns.

MSME - Udyog Aadhar

Udyog Aadhar enables an entrepreneur to seek online services offered by Government Departments apart from various other benefits under MSME Act.

GST Registration

You may not be able to supply goods or services all over India unless GST Registration is obtained, However for same state supply the limit is 20 Lac

What is a Private limited company?

Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India.
A private limited company can have a minimum of two members and a maximum of fifty members.
The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).
The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India.
“Company Registration” is the foremost mandatory step for the beginning of a new venture.
The private limited company registration process is very important, as it provides authenticity to your proposed business structure. Though you need to make sure that you have all the required “Private limited company registration documents”.
In the long run, the registration will provide you a great number of advantages such as “from registering in a hassle-free manner to dissolving easily also.”
“Start-ups and growing companies” prefer the tag of a “Private limited company”.
Contact Global Quality Certification for “Private limited company registration in India”.

Private Limited Company Registration Benefits

A large number of benefits, when you go for Private Limited Company Registration in India, are as follows:
Protection Of Personal Assets of The Partners:
In the case of a Private Limited Company’s shareholders, they tend to have limited liability.
So if you are a shareholder, then you will be considered liable to pay the liability of the company. But only to the limit of your contribution in the company.
Global Quality Certification experts in company registration experts can help you in better understanding the “Private limited company registration process in India”.
A Private Limited Company is Separate Legal Entity in the Eyes Of The Law:
In other words, the partners/owners of a PLC, are a completely different entity according to the Indian constitution.
So indirectly a company will be upheld for efficient management of it’s debtors and creditors, assets and liabilities.
You Can Raise Capital Easily:
A private limited company, which is registered in India, must meet a certain number of compliance requirements.
This form of company structure is largely preferred by entrepreneurs.
Because it helps them to raise the necessary funds via equity. It also allows them to expand and limits their personal liability.
It Comes With The Benefit Of Continuous Existence:
It has the most important benefit, which is known as “Perpetual Succession”.
It means that it’s existence will be continuous until it is legally dissolved.
Due to it being a separate legal entity, it remains unaffected by the departure or death of any member.
Even though there may be a change in existence, it will continue it’s existence.
You will receive a “Private limited company registration certificate”, upon completion of the process.
Note: While going for Private Limited Company Registration online, you need to make sure that your preferred company name falls under the umbrella of “Private limited company registration name availability” criteria.

Private Limited Company Registration Process

Complete our Simple Form

You need to fill our simple company registration form and submit documents for the formation of a company.

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN

Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

Document Submission

We will create all the required Private limited company registration documents and file them with ROC on your behalf

Your work is completed

You will receive documents and DSCs, upon the incorporation of your company.

Documents Required For Private Limited Company Registration

This list is also known as “Private limited company registration checklist”.

PAN Card of all the directors.
Passport size photographs of the same must be shown
Either the “Aadhaar Card or the Voter identity card”, has to be presented during the process.
If the company property is on rent then the rent agreement is to be shown.
One of these two:- Electricity/ Water bill but any of them must be of the business place only
Property papers (owned)
Landlord NOC (Format will be provided)

Contact the expert team of “Global Quality Certification” to know more about “Private limited company registration cost”.
We provide various company registration services such as “Private limited company registration in India”.