Partnership Firm Registration in Bihar

Overview

Partnership firm registration in Bihar is the process of legally registering a partnership business in the state of Bihar, India. It involves obtaining a registration certificate from the Registrar of Firms under the Indian Partnership Act, 1932. The registration ensures that the firm is recognised as a separate legal entity and provides legal protection to its partners. The process involves submitting the necessary documents, such as the partnership deed and identity proof of partners, to the Registrar of Firms.

Documents Required

• Details of the partners
• Nature of business
• Working of business
• Capital contribution
• The ratio of profits to be shared
• PAN card
• Aadhar card
• Driver’s license
• Passport
• Voter ID
• Sale deed of partner's own place
• Rental agreement copy
• Last 3 months electricity bill.

Benefits

• Protection of personal assets: Partners' personal assets are protected in the case of any legal liability or debt
• Easier to raise funds: A registered partnership firm is more credible and can easily raise funds from banks and financial institutions
• Easy transfer of ownership: In case of a change in partners, the registration process makes the transfer of ownership easier
• Tax benefits: Registered partnership firms are eligible for certain tax benefits and deductions.

Eligibility Criteria

• A partnership firm must have two partners minimum
• The minimum age for partners is 18
• Partners must be Indian citizens and residents of Tamil Nadu
• Partners must have the mental capacity to enter into a contract
• The name of the firm must be unique and should not be similar to an existing firm
• A partnership deed registration must be executed between all partners, setting out the terms and conditions of the partnership
• The firm must engage in a lawful business activity.

Online

he process of opening a partnership firm in Bihar is very easy. It involves registering your partnership firm under the Registrar of Firms. Vakilsearch can complete the whole process in just three easy steps

• Step 1: Consult Our Experts

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

• Step 2: We Will Take Care of 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)
  • We can also complete GST registration.

• Step 3: Partnership Firm Registration

  Our team will file for partnership firm registration in Bihar. After receiving all the documentation, our experts will register your firm by filing the required documents and provide the registration certificate.

Offline

• Step 1: Fill out the application form completely, then submit it to the state's registrar of firms together with the required costs
• Step 2: Attach the required documents
• Step 3: The Registrar will cross check and will grant the registration certificate.

Why Vakilsearch

Our team can provide clarity on the registration process and give holistic support in completing the partnership firm registration online. Book a slot right now to get your firm registered quickly. Our in-house chartered accountant or a legal professional can ensure that the registration process is completed correctly. Book a call right away!