Partnership Firm Registration in Uttar Pradesh

Overview

A firm may register at any time by submitting an application to the Registrar of Firms. The process has been clearly explained in Section 58 of the Indian Partnership (Uttar Pradesh Amendment) Act, 2001. Before registering the firm the partners should draft a partnership deed. This document contains all the terms and conditions of the functioning business. This deed must be signed by all partners and must be stamped according to the Indian Stamp Act. The next stage is to file an application to the Registrar of Firms along with the partnership deed and other documents. Upon approval, the Registrar of Firms will issue a certificate of registration, which must be displayed at the place of business.

It is important to note that failure to register a partnership firm in Uttar Pradesh can result in penalties and fines, and also make it difficult to enforce the terms of the partnership agreement. Therefore, it is advisable to seek the assistance of professionals or consult our business and legal experts for assistance with the registration process.

Did You Know?

In 2023–2024, Uttar Pradesh will get roughly ₹37,000 crore more as the state's portion of federal taxes. The state's portion for 2022-2023 was set at roughly ₹1,46,498 crore. According to the updated estimates, this amount will increase to ₹1,69,745.30 crore. ₹1,83,237.59 crore was the state's share in the central taxes.

Documents Required

• Application form in prescribed format
• Partnership deed
• Acknowledgement of all the information mentioned in the document, attested by a notary
• Evidence of the office leasing contract from the property owner
• Address proofs of partners
• Photo and self-attested ID and address
• Photographs of all partners.

Benefits

• The fact that more than one person can invest in and run the business is one of the most significant benefits of partnership firms
• Compared to LLP, partnership firms can be registered easily, as there is no need for obtaining DSC registration and DIN
• LLP registration is governed by legislation of the Central Government (Ministry of Corporate Affairs), while partnership registration is governed by laws of the state governments
• Certain tax advantages and deductions are available to registered partnership firms.

Eligibility Criteria

• A partnership firm must have two partners minimum
• The minimum age for partners is 18
• Partners must be state residents and citizens of India
• The company's name must be distinct and cannot sound like other companies already in existence
• All partners must sign a partnership deed outlining the terms and conditions of the partnership
• The company must conduct legitimate business operations.

Online

Online partnership firm registration in Uttar Pradesh can be done easily through Vakilsearch in three easy steps anywhere and anytime:

Step 1: Talk to Our Experts

All of your questions regarding the procedure can be answered by our team of registration experts.

Step 2: We Will Apply for all the Documents

• Our team will draft the partnership deed
• Apply for Permanent Account Number (PAN) and the Tax Detection and Collection Account Number (TAN)
• On request, we will also complete GST registration.

Step 3: Partnership Firm Registration

Our experts will file for partnership firm registration in Gujarat on your behalf along with the required documents. You will receive the certificate of incorporation following registration.

Offline

• Step 1: All partners or their representatives will confirm the information by attaching the necessary papers to the form
• Step 2:The firm will be registered and the partnership registration certificate will be provided after the authorities cross verify all the documentation.
• Step 3: The firm will be registered and the registration certificate will be provided after the authorities cross verify all the documentation.

Why Vakilsearch

We offer the best partnership registration services available. You can count on the best and team up with Vakilsearch right away. Our team of knowledgeable experts can finish the process swiftly. Our professionals will handle the paperwork and make sure that your partnership firm is registered legally.