Partnership arises where two or more person join together for the purpose of carrying business. Partnership is a contract in which all the partners mutually agree to share profits and losses. Partnership firm is strictly not a person. It is an association of persons and the agreement by which a firm purports to enter into a partnership with an individual or another firm merely makes the partners of that firm individual partner.
A partnership firm can be registered whether at the time of its formation or even subsequently. You need to file an application with the Registrar of Firms of the area in which your business is located. Following details are required while applying for registration:
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Name of the firm
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Place of business
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Full name of partners
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Duration of the firm
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Permanent address of partners.
After applying for registration, when the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration.Barahami Legal Services always believes in delivering best and customised services. Partnership Registration is one of our time and cost efficient services.