A partnership is a formal arrangement between two or more persons to manage and operate a business and share its profits by entering into a partnership agreement which can be registered with the Firm registration department. Registered partnership has more benefits and safety with the prosecution when compared to unregistered partnership deed.
It is very easy to register this type of business as very few documents are needed. The required documents include:
Registration of Partnership firm takes the shortest time and can be completed within a min. of 3-4 days. Despite registration taking the shortest time possible, this solely depends on government procedures and approvals during the time of your registration.
The Government’s registration fee starts at Rs.900 while professional fees start at Rs.3500 and the variance would depend based on the type of business, number of employees and location of the business and even the requirements to be met while registering your particular business.
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