Partnership Firm Registration Consultancy in Chennai
General partnerships are type of corporate structure where two or more individuals oversee and run a business according to the terms of the partnership agreement and goals. The structure is believed to have become obsolete after the advent of the limited liability partnership (LLP) since the partners in a general partnership company are liable for unlimited liability, meaning that they personally responsible for the debts of the company. However, the low cost as well as the ease of establishing and a lack of compliance requirements can make it an attractive choice for certain types of businesses companies, like home-based businesses that will not accept any debt. Registration is not required with general partnerships. Get in touch with our Genuine Tax Consultancy experts today to learn more about the latest format for partnership deeds.
Documents Required for Registration of Partnership Firm in Chennai
The application form to fill out partnership registration must include all the necessary documents, such as Identity evidence, proof of address and a genuine duplicate of the Partnership deed that was entered into, and evidence of the principal place of business.
The below documents can be presented as identity proofs and address documents.
- PAN card
- Passport
- Driver License
- Aadhar Card
- Voters ID
Evidence of Business premises can be proven by documenting the following:
- Sale Deed in the case that the owner of the property is the Partner
- Copy of the rental agreement if the office is rented on a basis
- The latest copy of your electric bill or tax bill receipt.
One of the simplest ways to start a new business with someone else is to create the general partnership company. We will assist you in completing the registration of your general partnership in India by following the steps.