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Partnership Firm Registration (Unregistered)
@ ₹2500/-
Stamp Duty Extra
Unregistered partnership firm Registration are a popular choice for starting a business with a partner. While a written partnership deed is valid, registering your firm offers several advantages.
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What is an Unregistered Partnership Firm Registration?
An unregistered partnership firm registration is formed when two or more people come together to operate a business for profit. They agree to share the profits and losses of the business venture according to a predetermined ratio, which can be documented in a written agreement but does not require formal registration with the Registrar of Firms. While registration offers several benefits, an unregistered partnership deed is still considered a valid contract between the partners, outlining their rights, responsibilities, profit-sharing arrangements, and dispute resolution mechanisms.
Why Register Your Unregistered Partnership Firm?
Registering your unregistered partnership offers significant benefits:
- Stronger Legal Standing: A registered firm has a better standing in court if legal disputes arise with third parties, such as vendors, customers, or landlords. Registration provides a clear record of the firm’s existence and ownership, strengthening your position in negotiations and legal proceedings.
- Easier Banking: Registered firms can open bank accounts in the firm’s name, simplifying financial transactions and record-keeping. This separation of business and personal finances is crucial for maintaining financial transparency and credibility.
- Enhanced Credibility: Registration portrays a more professional image, attracting clients and investors who value legal legitimacy and transparency. A registered firm demonstrates a commitment to compliance and following best practices, fostering trust and confidence with potential business partners.
Our Unregistered Partnership Firm Registration Services
Mydigitalfiling.in simplifies the process of registering your unregistered partnership firm:
Our team of legal professionals can assist you in drafting a comprehensive partnership deed that outlines the following:
- Profit and Loss Sharing: Specify the ratio in which profits and losses will be shared among partners. This can be based on factors like capital contribution, time commitment, or expertise.
- Roles and Responsibilities: Clearly define the roles and responsibilities of each partner in managing the business. This includes decision-making authority, day-to-day operations, and handling specific tasks.
- Capital Contribution: Document the amount of capital each partner contributes to the firm, whether in cash, assets, or property.
- Dispute Resolution: Establish a mechanism for resolving disagreements between partners. This can involve mediation, arbitration, or predetermined voting procedures.
- Admission and Exit of Partners: Outline the process for admitting new partners or the exit of existing partners from the firm.
- Dissolution Clause: Specify the terms under which the partnership will be dissolved, such as death of a partner, bankruptcy, or mutual agreement.
- Bank Account Operation: Mention in the Partnership Deed about the operation of Bank account as per your requirements.
Having a well-drafted partnership deed is crucial for smooth business operations and minimizes the risk of future disputes. While we can provide assistance with drafting, we recommend consulting a lawyer to ensure the deed is tailored to your specific partnership agreement and complies with all legal requirements.
Our streamlined online platform guides you through the registration process with the Registrar of Firms step-by-step. The user-friendly interface features intuitive prompts and clear instructions to ensure you enter all the required information accurately. You can upload scanned copies of necessary documents directly through the platform, eliminating the need for manual filing and reducing the risk of errors or delays. Our platform also integrates with various government databases to streamline data verification and expedite the registration process.
We provide a list of required documents and guidance on obtaining them. This includes partnership deed, partner details, business address proof, photographs, and a declaration form.
After drafting the partnership deed, you have to provide the stamp / e-stamp paper as per the requirement of your state. For Eg, in Uttar Pradesh, Partnership deed has been registered on Rs. 750/- Stamp paper.
My Digital Filing can help you in arranging the stamp paper, if you find any difficulty while arranging the stamp paper but you have to pay the charges of stamp duty.
We can offer additional support after registration to ensure a smooth transition for your business. This includes:
- Bank Account Opening Assistance: We can guide you through the process of opening a bank account in the firm’s name. This will involve collecting the necessary documents from the bank, completing the application form, and ensuring all partners are authorized signatories on the account.
- Accounting System Setup: We can help you set up a basic accounting system for your partnership firm. This may involve recommending accounting software or connecting you with a qualified accountant who can tailor a system to your specific needs. A proper accounting system is essential for tracking income and expenses, managing taxes, and making informed financial decisions for your business.
- Ongoing Compliance Support: We can provide information and resources to help you stay compliant with ongoing legal and tax requirements. This may include reminders for filing partnership tax returns, submitting annual reports, or complying with any industry-specific regulations.
Why Choose us for Unregistered Partnership Firm Registration?
Single Person Contact
You will talk to a specific expert every time you contact. It saves your time to explain your query each time.
Fair Pricing Always
We do not charge extra. Our fees is listed on our page and we do not have any hidden fees.
Team of Professionals
We have a team of expert professionals and we do not sub-let your work to any other service provider.
Free Consultation
You can consult each time you have a query. There is no fees for consultation. You can consult unlimited times.
Submission on Time
We will submit your GST return within 3 working days from the date of submission of data. Same day filing in rare case.
Full Refund Guarantee
If you do not satisfy with our service, we will refund the full amount and try the same will not happen in future.
Partnership Firm registration process
Step - 1
Pick a desired firm name and collect partner IDs & address proofs, along with business address proof.
Step - 2
Craft a well-defined deed outlines profit sharing, roles, and dispute resolution for your partnership.
Step - 3
Register online with ease through our portal. We'll guide you every step of the way.
Step - 4
After that final deed is drafted and sent to you for signing. After Signing the deed, process for notary.
FAQs on Unregistered Partnership Firm Registration
Registration is not mandatory, but it offers significant advantages like stronger legal standing, easier banking, and enhanced credibility.
The documents typically include:
- Partner PAN cards and address proofs
- Business address proof
- Proposed firm name application
Yes (Optional service). Our team can assist in crafting a comprehensive partnership deed outlining profit sharing, roles, and dispute resolution procedures.
The registration process can be completed within 1-3 working days upon submission of all required documents.
Upon successful registration, you’ll receive a confirmation and your official partnership firm deed duly notarized.
Our pricing varies depending on the complexity of your case. We offer a free consultation to discuss your specific needs and provide a quote.
Our dedicated customer support team is always happy to answer your questions. Feel free to contact us!