Overview
A partnership firm's legal registration in the state of Nagaland is referred to as partnership firm registration in Nagaland. The procedure includes getting a certificate of registration and submitting the required paperwork to the Registrar of Firms. The partnership firm must abide by a number of guidelines established by the Nagaland 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.
Documents Required
Address and ID evidence of the partners | PAN card | Address evidence of the registered office | leasing contract or owner's NOC (if rented) | Deed of partnership | Information about the partnership firm's bank.
Did You Know?
Nagaland's agro climatic characteristics offer horticulture and floriculture a variety of lucrative business prospects. There are 650 native kinds of fragrant and medicinal plants in the state. Nagaland is home to a sizable population of bamboo, which accounts for almost 5% of the nation's entire stock. Nagaland had 46 different types of bamboo as of 2018. The state produced 264 MT of raw silk in 2020–21 and 315 MT in 2021–22.
Benefits
Legal Status: The partnership firm registration creates a separate legal entity for the business and grants it legal recognition | Easy to Start: Compared to other methods of business registration, starting a partnership firm is very simple and involves less paperwork | Shared Obligation: In a partnership firm, the partners' collective liability is divided among them, lowering the risk of personal liability in the event of business losses | Flexibility: Compared to other types of business registration, partnership businesses have more freedom in terms of business operations.
Eligibility Criteria
A partnership firm must have at least two partners | The partners should be at least 18 years old | The partners must be legally capable of entering into contracts | They should have a shared place of business | To continue the business, the partners must be in agreement with one another | The partners must reach a consensus on splitting the earnings and losses.
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 registration 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
Our team will file for partnership firm registration. After receiving all the documentation, our experts will register your firm by filing all the documents. Post registration of firm online you will be provided with the incorporation certificate.
Offline
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
Creating a partnership firm in Nagaland through Vakilsearch is a straightforward process that has several benefits. By registering, the firm can conduct business legally in the state and benefit from the advantages of being a recognised business entity, such as tax benefits and legal protection. To register a partnership firm in Nagaland get in touch with Vakilsearch. You can be confident that every aspect of your partnership firm registration is in good hands with our full range of services. Whether you are a first-time business owner or a seasoned entrepreneur, we will give you the assistance and direction you require to be successful.
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