Partnership Firm Registration in Goa

Overview

Registering a partnership firm is a legal procedure that requires the filing of the necessary documents and information with the Registrar of Firms in Goa to obtain a certificate of registration. The registration process establishes the partnership firm as a separate legal entity and helps to protect the rights and interests of all partners. Registering your partnership firm in Goa provides greater opportunities to conduct business activities, avail investments, get into contracts and exercise legal power to sue and get sued back.

Eligibility Criteria

• A partnership firm must have at least two partners, with no maximum limit
• The partners must be of 18 years of age or above
• At least one partner must be an Indian national, while the others can be either Indian nationals or foreigners
• There is no specific requirement for the residence of the partners, but at least one partner must have a permanent address in India
• The partnership firm must engage in a lawful business activity, and the proposed name of the firm must be in accordance with the business activities
• A partnership deed registration must be executed, specifying the terms and conditions of the partnership, including the rights and responsibilities of each partner.

Benefits

• Legal Recognition: A registered partnership firm is recognised as a separate legal entity and can carry out business activities, enter into contracts, and sue or be sued in its own name
• Liability Protection: The personal assets of partners are protected in a registered partnership firm, as partners are only liable to the extent of their agreed contribution to the firm
• Easy to Set Up: A partnership firm is relatively easy to set up and does not require complex compliance procedures
• Cost-Effective: Setting up a partnership firm is cost-effective compared to other business structures such as a private limited company.

Online

Online partnership firm registration registration in Goa 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 is submitted entirely online
• Step 3: Post 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 firm is registered and an incorporation certificate is provided.

Offline

• Step 1: Obtain a Permanent Account Number (PAN) for the partnership firm
• Step 2: Apply for a name availability certificate from the Registrar of Firms
• Step 3: Draft a partnership deed specifying the terms and conditions of the partnership
• Step 4: File the partnership deed along with the necessary documents with the Registrar of Firms.

Documents Required

All the partners involved in the partnership firm have to provide the following documents for partnership firm registration:

• PAN card
• Proof of address
• ID proof
• Name availability certificate
• Partnership deed
• Affidavit on non-judicial stamp paper
• Rent agreement

Why Vakilsearch

Vakilsearch has the best in-house chartered accountants and legal experts who can help in a smoother and error free partnership firm registration in Goa. Our team of experts can complete the whole process in 3 easy steps. We will draft the partnership deed in 3 days and provide 2 free rounds for iterations. Get in touch with us right away!