Partnership Firm Registration in Arunachal Pradesh

Overview

Partnership firm registration in Arunachal Pradesh is a process of registering a partnership business in the state of Arunachal Pradesh. In this process, the partners of the firm are required to obtain a certificate of registration from the Registrar of Firms in Arunachal Pradesh. The registration of a partnership firm is necessary to make the business a legally recognised entity and to obtain the various benefits and protections provided by law to registered partnership firms.

Benefits

• Sharing of Profits and Losses: Partners share the profits and losses of the firm as per the terms mentioned in the partnership deed
• Flexibility: Partnership firms offer greater flexibility in management and decision-making as compared to other business structures
• Pooling of Resources:Partnership firms allow partners to pool their resources and expertise to achieve a common goal
• Tax Benefits: The income tax on the profits shared by the partners is not the responsibility of the partnership firm. Each partner must disclose their own profit and loss on their ITR filing

Eligibility Criteria

• A minimum of 2 partners are mandatory
• The minimum age of the partners must be 18 years or above
• The partners should be either Indian citizens or foreign nationals
• The business activity should be legal
• The partners must have a permanent residential address in India
• All partners must have a valid PAN card
• The partnership firm must have a current bank account.

Online

The process of opening a partnership firm in Arunachal Pradesh is very easy. It involves registering your partnership firm under the Registrar of Firms under the State Government. Vakilsearch can complete the registration in the following steps:

• Step 1: Get In Touch With Our Experts

  Our team of company registration online experts can clarify all your queries regarding the process. You can provide all the required documents directly to our experts.

• Step 2: We Will Prepare the Documentation

  Our team will draft the partnership deed in 3 days | Apply for Permanent Account Number (PAN) | We will get the Tax Detection and Collection Account Number (TAN) | On request, we will also complete GST registration.

• Step 3: Partnership Firm Registration

  After receiving all the documentation, our experts will register your firm. You will be provided with the incorporation certificate post registration.

Offline

• A partnership deed has to be submitted
• Apply for PAN and TAN of the partnership firm with the Income Tax Department
• The partnership deed along with PAN and TAN of the partners should be submitted to the Registrar of Firms in the concerned district of Arunachal Pradesh for registration
• The fees for partnership firm registration online can be paid through a demand draft or online payment gateway
• After the completion of the above-mentioned steps, the Registrar of Firms will issue a certificate of registration.

Documents Required

• Proof of identity and address of all partners
• PAN card of all partners
• Proof of business address
• Partnership deed
• Rent agreement
• NOC from the owner of the property
• Bank account details of the firm
• GSTIN registration certificate
• Affidavit and declaration by all partners.

Why Vakilsearch

It is important to have complete and accurate documentation while registering the partnership firm in Arunachal Pradesh. Our team provides clarity on the registration process and provides holistic support in completing the partnership firm registration online. Book a slot right now to get your firm registered quickly.