The benefits of forming a partnership firm are as below
Unlike any registered entity type, it is easy to form a partnership firm in India. The partnership deed can be written or orally said. As registration of a partnership firm is not compulsory it is quite is to form a partnership firm.
Considerable freedom is allowed with respect to the operations of the company. Government approvals are not required to take to change the nature of business or location of business.
The Income tax Act 1961 treats partnership as a separate person and its tax is also calculated just like an individual. Hence the tax for partnership firm is flat 30% in most of the sectors.
Compared to other registered type of entities partnership firms does not have any regular compliance burden. Such as holding a board meeting, Director’s compliance etc. hence the compliance cost is saved in the partnership firm.
it is quite easy to close a partnership firm, the firm can be dissolved on a death or insolvency of any partner.
• Partnership deed
• Identity proof of each partner (any one)
o Aadhar card
o PAN Card
o Driving License
• Address proof of each partner
o Bank Statement
o Electricity bill
o Phone bill
o Water bill
• An address which will act as the registered address of the partnership firm.
a. PAN Number of the partnership firm
b. Partnership Deed
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.