First Hand Holding
is here to help.

Get professional guidance and assistance for free. Financial consultation and value added services for everyone.

First Hand Holdings offers partnership registration from Rs.5299/-
Overview
What is a General Partnership?

A General Partnership is a enterprise structure in which two or more humanscontrol and function a commercial enterprise in accordance with the termsand goals set out in the Partnership Deed. This structure is idea to have lost its relevance because the introduction of the Limited Liability Partnership (LLP) due to the fact its companions have unlimited liability, which ability they are for my part liable for the debts of the business.

Start General Partnership with First Hand Holding
  • - General Partnership
    Low costs, ease of setting up and minimal compliance requirements make it a sensible option for home businesses.
  • - Gather Details
    We'll first understand your business requirements.
  • - Document Drafting
    The first draft will be shared with you in four days
  • - Iterations
    We do two rounds of iterations, if necessary, at no extra cost.
Benefits of a Partnership

Minimum Compliance

For General Partnerships, there is no need for an auditor to be appointed or, if the employer is nevertheless in the manner of registration or incase unregistered, annual bills submitting with the registrar is no longer integral either.

Easy to Start

General Partnerships can start genuinely with an unregistered deed of the partnership inside 2-4 enterprise days. However, having registered for the identical has its personal perks and advantages.

Comparatively Economical

In comparison to LLP, a General Partnership is a great deal more cost effective to begin. Even in the longer run, it will nevertheless work out cheaper as the compliance requirements are very minimal.


Documents Required
Form No. 1 (Application for registration under Partnership Act) Original copy of Partnership Deed, signed by all partners Affidavit declaring intention to become Partner Rental or lease agreement of the property/campus on which the business is set.
IDENTITY AND ADDRESS PROOF
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License.
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
Scanned passport-sized photograph specimen signature (blank document with signature [directors only]).
Sole Proprietorship Registration Procedure
  • ON DAY 4: Once we obtained your request, our expert will contact you to better hold close your specifications.
  • ON DAY 4: If there are any modifications required to the agreement, our professionals will have them altered. As agreed upon new release changes twice is blanketed in the original cost.
Pricing
Pay as your grow

Basic

all inclusive fees

₹5299

  • Basic partnership deed drafting by a Lawyer
  • GST Registration

Standard

all inclusive fees

₹11599

  • Partnership deed drafting by a Lawyer
  • Deed registration
  • GST Registration

Premium

all inclusive fees

₹19699

  • Partnership deed drafting by a Lawyer
  • Deed registration
  • GST Registration
  • 3 Months GST Return Filing
  • Trademark Registration
FAQs on Private Limited Company
How many people are required to start a Partnership firm?
A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.
What is the capital required to start a Partnership?
There is no limit on the minimum capital for starting a Partnership. Therefore, a Partnership can be started with any amount of minimum capital.
How will First Hand Holding help me start a Partnership?
An First Hand Holding Associate will understand your business requirements and help you start a Partnership firm by drafting the Partnership deed. Based on the requirements, we can also help register the Partnership deed with the relevant Authorities to make the Partnership Firm a Registered Partnership firm.
Who will register a Partnership firm?
Partnership firms are registered by the Registrar of Firms, under the Indian Partnership Act, 1932.
Will my Partnership firm have a separate legal identity?
No, a Partnership firm has no separate legal existence of its own i.e., the Partnership firm and the partners are one and the same in the eyes of law. Liability of the Partners is also unlimited, and the partners are said to be jointly and severally liable for the liabilities of the firm. This means that if the assets and property of the firm is insufficient to meet the debts of the firm, the creditors can recover their loans from the personal property of the individual partners.
TOP