PARTNERSHIP FIRM
A partnership may or may not be registered. For small businesses in the unorganized sector with several promoters, partnerships are suitable. .
₹ 8,999/-
₹ 7,999/- (All Inclusive)
Benefits of Partnership Firm:-
Risks are shared
The risk is shared between the partners individually and is easy compared to the other companies.
Flexibility
The operations can be performed easily as there are limited members in the company and the decisions can be taken quickly.
Enormous Resources
There are more resources present compared to the other companies in the Partnership as there can be a number of members.
Limitations of Partnership Firm
- There is a restriction on the members of the partnership firm so a limited number of members should be designated as partners and due to that, the amount raised is also limited.
- More Liability:- The Liability can be more if any of the partner’s decision goes wrong the other partners also have to suffer the loss ie liability.
- Every partner has the authority for the decision to designate the other members as a partner.
PROCESS OF Partnership Firm REGISTRATION
DOCUMENT REQUIRED for Partnership Firm
FEW OTHER PARTNERSHIP FIRM FACTS
FAQ
How can a person register for a Partnership Firm in India?
The Wellmark Assessment will help you with all the processes of registration for Partnership Firm and you can get registered to the Partnership Firm.
Which authority has the whole legal rights of the Partnership Firm?
The Partnership Firm in India is governed by the Indian Partnership Act 1932.
How can one register for Partnership Firm online?
It can be registered by taking our help and we can help you with the whole registration process.
How much money do a person will need to start a business?
The person who is initiating his business will need a bank account with a minimum of Rs 5,000 balance and a person will need not invest the capital in the initiation of the business.
Once the amount is paid, are there any extra charges after the payment of incorporation?
No, there will be no extra charges and our company has a transparent system for the payments in which it will provide the transparent payment charges.
How can a person become a partner in LLP?
By following the above process of registration, anyone can become the partner in LLP, including the foreigners/NRI’s. However, the individual must be eligible to become a partner.
What is the requirement of the documents for the registration of Partnership Firm?
The list of the documents is listed on the above page. You can check it or consult us online for the queries of it.
What are the benefits of the Partnership firm?
The benefits are mentioned above on the page and the partnership is also a good opportunity to start a business.
Can an NRI become a partner in LLP?
Yes, The NRI’s can also become a partner of LLP and at least one of the partner should be residential of India.
From where do I can get a Partnership Firm Form?
You can get the form on the wellmarkassessment.com or you can also consult us on our helpline number to know more about it.