Partnership Firm Registration in Jharkhand

Overview

Partnership firm registration in Jharkhand is a process of obtaining a legal recognition for a partnership business by registering it with the Registrar of Firms in Jharkhand. This process involves submitting required documents and information to the registrar's office, and obtaining a certificate of registration. By registering a partnership firm, the partners get a legal identity and protection of their interests, which helps in conducting business operations smoothly.

Eligibility Criteria

• Minimum of 2 partners
• The partners must be Individuals above the age of 18
• The partners must be competent to enter into a contract
• They must not be disqualified from being partners as per the provisions of the Indian Partnership Act, 1932
• The firm should have an unique name that must be registered
• The business should be legal in the state
• All the partners should agree on profit sharing
• A partnership deed has to be signed by all the partners.

Benefits

• Brand Image: A registered partnership firm is viewed as a credible and professional entity and can help establish a good brand image
• Easy Taxation: The registered partnership firm is required to follow the tax laws and regulations and the process is smoother for registered firms
• Limited Liability: The partners of the registered partnership firm have limited liability which means that their personal assets are protected from the liabilities of the firm
• Easier Dispute Resolution: Disputes between partners can be resolved in a smoother and quicker manner in a registered partnership firm as compared to an unregistered firm.

Online

The process of opening a firm registration online involves registering your partnership firm under the Registrar of Firms under the Government. Vakilsearch can complete the registration in just three steps:

• STalk With Our Experts

  Get all your doubts regarding the process clarified from top experts. 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 online 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 online.

• Step 3: Partnership Firm Registration

  After receiving all the documentation, we will register your firm by filing the required documents. Post registration you will be provided with the incorporation certificate.

Offline

• Step 1: Draft the partnership deed, which outlines the terms and conditions of the partnership, such as the distribution of profits, the role of each partner, and the admission of new partners
• Step 2: Prepare the necessary documents such as PAN card, address proof, identity proof of partners, and the partnership deed
• Step 3: Submit the supporting documents and the required fees
• Step 4: After the registrar cross verifies all the required documents the registration will be completed and certification will be issued.

Documents Required

• PAN card of all partners
• Address proof
• Rent agreement
• Ownership proof of business place
• NOC
• Bank details of the partnership firm
• Signature of all partners on form-2
• Affidavit of all partners on ₹10 stamp paper.

Why Vakilsearch

Registering a partnership firm is an important step in establishing a legitimate and structured business. It provides several benefits such as limited liability protection, ease of formation and flexibility in management. The eligibility criteria, required documents, and registration process vary from state-to-state in India. To ensure a smooth and successful registration process, it is important to be familiar with the specific requirements and procedures in the state where the partnership firm is located. Book a slot with our registration experts and initiate the procedure.