Partnership Firm Registration in Mizoram

Overview

The process of formally registering a partnership firm with the Registrar of Firms in Mizoram is called partnership firm registration. It is a step that must be taken in order to establish and run a partnership firm in Mizoram. By registering the partnership firm, the partners are given legal status and protection, allowing them to run their business worry-free. The Registrar of Firms must receive the required paperwork, along with payment of the registration cost, in order to complete the registration procedure.

Did You Know?

3,267 sq km of Mizoram's land is covered in bamboo forests. In the state, there is an estimated growing stock of 35 different types of bamboo totaling 25.26 million metric tonnes (MMT). It provides enormous possibilities for commercially exploiting the natural resources for enterprises focused on exports.

Eligibility Criteria

• There must be a minimum of two partners and a maximum of 20 partners
• The partners must be separate parties and be at least 18 years old
• The name of the partnership firm needs to be distinctive and not already registered or being used by another organisation
• A partnership deed should be created, signed by all of the partners, and filed with the Registrar of Firms.

Benefits

• Ability to Raise Capital: Partnership firms have the flexibility to acquire cash quickly by bringing on additional partners, which gives the company a consistent supply of funding
• Separate Legal Entity: Because the partnership firm is regarded as a distinct legal entity, the partners are protected from limited liability
• Easy to Form: Compared to other business structures, partnership firms can be formed more easily because they don't require complicated legal processes
• Flexibility: Partnership firms registration online have a high degree of flexibility in terms of management and control, as the partners have equal say in the decision-making process.

Online

The process of opening a partnership 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 registration online 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 all the documentation and provide the incorporation certificate.

Offline

• PAN card of all partners
• Address proof of all partners
• Signature of all partners
• Partnership deed signed by all partners
• Rent agreement or ownership proof of the business place
• GST registration
• Bank account details with a cancelled cheque
• No Objection Certificate from the owner of the business place
• NOC from the Municipal corporation

Documents Required

• Step 1: fill the form and sign the partnership deed. It should be printed out and signed in front of the registration authority
• Step 2: Send the register officer the completed form and the necessary documentation
• Step 3: Your document will be verified by the appropriate party, and you'll get an acknowledgement letter in a cover.

Why Vakilsearch

When it comes to partnership firm registration services, Vakilsearch is a dependable and trustworthy partner. Our team of professionals will work directly with you to make sure that your registration procedure is quick, simple, and in compliance with all legal criteria. Our team of experts is knowledgeable with the rules and regulations governing partnership firms. Partner with Vakilsearch today and take the first step towards starting your own successful partnership firm! To find out more about our partnership firm registration services and how we can assist you in achieving your business objectives, get in touch with us right away.