Partnership Registration

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Partnership firm Steps to Register a Partnership Firm in India

Choose a Business Name

Decide on a unique and suitable name for the partnership.

Partnership Deed

Draft a Partnership Deed outlining the terms and conditions of the partnership. It should include details such as the business name, nature of the business, names of partners, profit-sharing ratio, and other relevant clauses.

Stamp Duty

Get the Partnership Deed stamped in accordance with the Stamp Act of the respective state.

Partnership Deed Notarization

Notarize the Partnership Deed. This involves getting it attested by a notary public.

Apply for PAN (Permanent Account Number)

Obtain PAN for the partnership firm. This can be done by applying to the Income Tax Department online.

Open a Bank Account

Open a bank account in the name of the partnership firm using the PAN.

Register for GST (Goods and Services Tax)

If the annual turnover is above the prescribed limit, register for GST with the Goods and Services Tax Network (GSTN).

Professional Tax Registration

Depending on the state, register for professional tax if applicable.

Obtain Udyog Aadhar Registration

For small enterprises, consider obtaining Udyog Aadhar registration for various benefits and subsidies.

Registration with Shops and Establishments Act

Register the partnership under the Shops and Establishments Act of the respective state.

Filing Income Tax Returns

File income tax returns for the partnership firm.