Overview
Partnership firm registration in Meghalaya refers to the process of legally registering a partnership firm in the state of Meghalaya. The process involves filing necessary documents with the Registrar of Firms and obtaining a certificate of registration. The partnership firm must abide by a number of guidelines established by the Meghalayan government. A registered partnership firm is regarded as a distinct legal person with the capacity to conduct business, sign contracts, bring or defend legal actions, and retain property in its own name.
Did You Know?
Meghalaya produced 75.38 thousand tonnes of spices and 393.51 thousand tonnes of fruits in 2019–20*. The Gross State Domestic Product (GSDP) of Meghalaya is predicted to be ₹0.41 trillion (US$ 4.99 billion) in 2022–2031, using current exchange rates.
Documents Required
- ID and address proof of the partners
- PAN card of the partners
- Address proof of the registered office
- Rent agreement or NOC from the owner (if rented)
- Partnership deed online(in duplicate)
- Affidavit on Non-Judicial stamp paper
- Bank details of the partnership firm.
Benefits
- Legal Recognition: The partnership firm registration gives the business legal recognition and creates a separate entity for the business
- Easy to Start: Starting a partnership firm is relatively easy and requires less documentation compared to other forms of business registration
- Shared Liability: In a partnership firm, the liability of the partners is shared among all the partners, which reduces the risk of personal liability in case of business losses
- Flexibility: Partnership firms offer greater flexibility in terms of business operations, as compared to other forms of business registration.
Eligibility Criteria
- Minimum two partners are required to form a partnership firm
- The minimum age of the partners should be 18 years
- The partners must have the mental and physical capacity to enter into a contract
- The partners must have a common place of business
- They should mutually agree to carry on the business
- All should accept on the sharing of profits and losses
- A partnership deed online should be drafted.
Online
The process of opening a partnership firm is very easy. It involves registering your partnership firm under the Registrar of Firms under the state government. Vakilsearch can complete the registration in the following steps:
Step 1: Get In Touch With Our Experts
Our team of company formation experts can clarify all your queries regarding the process. You can provide all the required documents directly to our experts.
Step 2: We Will Prepare the 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)
- On request, we will also complete GST registration.
Step 3: Partnership Firm Registration
After receiving all the documentation, our experts will register your firm by filing the documents. The incorporation certificate will be provided after registration.
Offline
- Step 1: The application form should be printed out and signed in front of the registration authority on green ledger paper
- Step 2: Send the register officer the completed form and the necessary documentation
- Step 3: Your document will be verified by the appropriate officer, and you'll get an acknowledgement letter in a cover.
Why Vakilsearch
Registering a partnership firm in Meghalaya is a straightforward process that comes with various benefits. By registering, the firm can legally operate in the state and enjoy the benefits of a recognised business entity, such as tax benefits and legal protection. The eligibility criteria for registering a partnership firm in Meghalaya are straightforward, and the required documents are minimal. With the option to register both online and offline, it is easy to get started on the registration process. With our comprehensive suite of services, you can rest assured that all aspects of your partnership firm registration are in good hands. Get your documentation drafted quickly and full support for the process.
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