Partnership Firm Registration Haryana

Overview

Partnership firm registration in Haryana refers to the process of registering a partnership business with the Registrar of Firms in the state of Haryana. This registration is done under the Indian Partnership Act, 1932, and it is mandatory for a partnership firm to get registered in order to conduct business legally and avail benefits such as ease in opening a bank account, protection of the partners' rights, and the ability to sue or be sued. The process involves submitting the necessary documents, paying the fees, and following the guidelines set by the Registrar of Firms in Haryana.

What Is a Partnership Deed?

This is a legal document that showcases all the terms and conditions of a partnership agreement accepted by the partners. It involves all the structure, and resolution of disputes. The partnership deed is a crucial document as it acts as evidence of the existence of the partnership firm and serves as a reference in case of any disputes.

Advantages of Registering as a Partnership Firm in Haryana

• Shared Liability: Partnership firms offer greater liability for the partners and provides return on investment based on the agreed capital contribution
• Shared Resources: Partners can pool their resources, including money, skills, and expertise, to achieve their business goals
• Cost-effective: Starting and maintaining a partnership firm is cost-effective as there are fewer compliance requirements compared to other forms of business organisations
• Ease of Formation: Forming a partnership firm is relatively easy and straightforward compared to other forms of business organisations.

Eligibility Criteria

• A partnership should definitely have two partners and the maximum of 20 partners
• All partners must be of 18 years or above and must be Indian citizens
• The partnership firm must be engaged in a lawful business activity
• The partners can be residents of any part of India
• A PAN card and a bank account is a must for each and every partner.

How to Register a Partnership in Haryana

You can complete the partnership firm registration quickly through Vakilsearch as detailed below:

• Step 1: Our expert will explain the registration process in detail, and also assist you in documentation
• Step 2: Our team will submit all the documents through website
• Step 3: After the verification, a partnership document is drafted and delivered to the partners for signature
• Step 4: The documents must be signed by the partners on official letterhead, and a copy of that signature must be uploaded to our platforms
• Step 5: The partnership deed online is registered with the particular authority

Documents Required

• PAN card
• Address proof
• The registered office of the partnership firm
• Partnership deed, signed by all partners
• Bank certificate
• Cheque cancelled by the firm's
• Current account details
• Rental documents
• NOC from the owner.

Why Vakilsearch

The process of registering a partnership firm in Haryana can be done both online and offline, and it is advisable to seek professional assistance to ensure the process is completed correctly and efficiently. Our experts can finish the process swiftly. Let our professionals handle all the paperwork and make sure that your partnership firm is registered legally.