Partnership Firm Registration in Kerala

Overview

A partnership firm in Kerala is a type of business entity where two or more people come together to carry on a business and share profits and losses. The partnership firm registration process in Kerala can be done online or offline, and the firm must obtain a certificate of registration from the Registrar of Firms in Kerala. Our team of experts can provide clear insights on the partnership firm registration and complete it hassle free.

Eligibility Criteria

• A partnership firm must have a minimum of 2 partners and a maximum of 20 partners
• All partners must be over 18 years of age and should be Indian citizens
• The business activity of the partnership firm should be legal
• The name of the partnership firm should be unique
• The partnership firm must have a registered office address in Kerala
• The partnership firm must have a PAN number and a current bank account.

Benefits

• Liability Protection: The partners are protected from unlimited liability and are only responsible for the debts of the firm to the extent of their capital contribution
• Easy to Start: Starting a partnership firm is relatively easier and less complicated than other forms of business organisations
• Lower Cost of Operation: Partnership firms have lower costs of operation compared to other forms of business organisations
• Ease of Raising Funds: Partnership firms can easily raise funds from its partners or from outside sources.

Online

Online partnership firm registration in Kerala can be done easily through Vakilsearch in just few easy steps as discussed below:

• Step 1: Your registration process will be explained to you in detail by our advisor
• Step 2: The paperwork will be submitted online on your behalf
• Step 3: Following the completion of 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
• Step 5: The partnership agreement is subsequently registered and the partners are given a certificate.

Offline

• Prepare the partnership deed that specifies the rights, duties and obligations of the partners
• File an application with the Registrar of Firms along with the partnership deed and other necessary documents
• Pay the relevant fees
• The registrar will examine the application and approve if it complies with the requirements
• Once the registration of paternship firm is approved, the registrar will issue a certificate of registration.

Documents Required

• PAN card of all partners
• Address proof of all partners
• ID proof of all partners
• Partnership deed
• Initial capital contribution details
• Business address proof
• Affidavit and Indemnity bond on non-judicial stamp paper
• No Objection Certificate (NOC) from the owner of the premises
• Bank details of the partnership firm.

Why Vakilsearch

By fulfilling the eligibility criteria and providing the required documents, the partnership firm can be registered either online or offline. The partnership firm registration process in Kerala offers numerous advantages to the partners such as shared liability, ease of setting up, and flexibility in management. Get in touch with our incorporation experts to resolve all your queries and kick start the partnership firm registration procedure.