With relatively easy to set-up and with relaxed statutory compliance applicable, Partnership firm registration is popular with small to medium size businesses or venture.
A Partnership incorporation of company or registration of firm can be done between (I) one or more Individuals or (II) between an Individual and a person representing a H.U.F. or (III) between an Individual and other partner representing his firm, or (IV) between two partnership firms or (V) between a Limited Company or a Corporation and an Individual or partnership firm or (VI) between a partnership and a H.U.F. (VII) between members of HUF in their individual and independent capacity (VIII) between a HUF and a member of that HUF independently.
Partnership Advantage :
(I)Two heads (or more) are better than one
(II)Business is easy to establish and start-up costs are low
(III)More capital is available for the business
(IV)Greater borrowing capacity
(V)High-calibre employees can be made partners
(VI)There is opportunity for income splitting, an advantage of particular importance due to resultant tax savings
(VII)Partners’ business affairs are private
Partnership registration takes in 7 to 14 days by HiGrit.
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Partnership deed drafting by a Lawyer.
Partnership deed drafting by a Lawyer along with deed registration.
Partnership deed drafting by a Lawyer, deed registration and trademark registration.