What Process for Partnership Registration in Chennai


What Process for Partnership Registration in Chennai

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Partnership is one of the most popular forms of business in India. It is a legal form of business organisation where two or more persons share the responsibilities, resources, profits and losses in a company based on mutual agreement. It is not mandatory to register a partnership firm, but it has many benefits for the partners which cannot be availed by an unregistered firm.

When a partner wants to register his/her firm, he/she has to submit the following documents along with the application form. The documents need to be verified by the registrar. Once the registrar approves the documents, the firm will be registered and it will receive a certificate of registration from him/her.

Once the partnership firm isregistered, it will have to obtain a PAN number for its operations. This will help it to file taxes and also it will make the firm a separate legal entity in the eyes of the tax department. In order to get a PAN number, the firm will have to fill up the form and pay a nominal fee.

After getting the PAN, the firm will have to register its name with the Registrar of Companies/Department of Industries office. The firm has to draft a partnership deed and submit it with the registrar along with a few other documents. The Registrar will verify the documents and then will approve the name of the firm.

 

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