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Benefits of Partnership Firm Registration
- Legal Status: Partnership firm gets a legal status, making it easier to conduct business.
- Limited Liability: Partners’ personal assets are protected in case of business liabilities.
- Tax Benefits: Partnership firms can claim tax deductions and exemptions.
- Easy Transfer of Ownership: Partnership firms can easily transfer ownership.
Partnership Firm Registration Process
- Choose a Business Name: Choose a unique business name.
- Prepare Partnership Deed: Prepare a Partnership Deed outlining the terms and conditions of the partnership.
- Register with Registrar of Firms: Register the partnership firm with the Registrar of Firms.
- Obtain PAN and TAN: Obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).


Documents Required
- Partnership Deed: A notarized Partnership Deed.
- Identity Proof: PAN card, Aadhaar card, or passport of all partners.
- Address Proof: Utility bill, rent agreement, or property documents of the business.
- Business Proof: Business plan, financial statements, or other business documents.
Types of Partnership Firms
- General Partnership: All partners are equally liable for business debts.
- Limited Partnership: Partners have limited liability, but at least one partner must have unlimited liability.
- Limited Liability Partnership (LLP): Partners have limited liability, and the business has a separate legal entity.


Benefits of Partnership Firm Registration with Padmajothi Consultancy Services
- Expert Guidance: Get expert guidance on the partnership firm registration process.
- Timely Registration: Ensure timely registration and avoid delays.
- Compliance: Ensure compliance with partnership firm registration regulationsĀ andĀ guidelines.