Partnership Firm Registration in Tamilnadu

Overview

Partnership firm registration in Tamil Nadu is the process of legally registering a partnership business in the state of Tamil Nadu, India. The registration ensures that the firm is recognised as a separate legal entity and provides legal protection to its partners. The process involves submitting the necessary documents, such as the partnership deed and identity proof of partners, to the Registrar of Firms.

Documents Required

Provide the following documents to start online partnership firm registration in Tamil Nadu:

• Details of the partners
• Nature of business
• Working of business
• Capital contribution
• The ratio of profits to be shared
• PAN card
• Aadhar card
• Driver’s license
• Passport
• Voter ID
• Sale deed registration of partner's own place
• Rental agreement copy
• Last 3 months electricity bill.

Benefits

• Protection of personal assets: Partners' personal assets are protected in the case of any legal liability or debt
• Easier to raise funds: A registered partnership firm is more credible and can easily raise funds from banks and financial institution
• Easy transfer of ownership: In case of a change in partners, the registration process makes the transfer of ownership easier
• Tax benefits: Registered partnership firms are eligible for certain tax benefits and deductions.

Eligibility Criteria

• A partnership firm must have two partners minimum
• The minimum age for partners is 18
• Partners must be Indian citizens and residents of Tamil Nadu
• Partners must be mentally stable to enter into a contract
• The name of the firm must be unique and should not be similar to an existing firm
• A partnership deed has to be executed and signed by all the partners. It has all the terms and conditions of the partnership
• The formed entity should be involved in legal business activities.

Online

Online partnership firm registration in Tamilnadu can be done easily through Vakilsearch following these three easy steps at the comfort of your home:

• Step 1: Consult Our Experts

  All of your questions regarding the procedure can be answered by our team of professionals. You can submit the documents right away.

• Step 2: We Will Take Care of All the Paperwork

  • 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 in Tamilnadu. The incorporation certificate will be provided post registration.

Offline

• Step 1: Fill out the application form completely, and submit it to the state's Registrar of Firms together with the required costs
• Step 2: Attach the appropriate documentation to the form
• Step 3: An application form along with the required fees must be sent to the state's Registrar of Firms where the company is located. Each and every partner should sign the application
• Step 4: The registrar reviews the application and all the supporting documents. If they find it is legit, the registration will be completed and a certificate will be issued.

Why Vakilsearch

The partners of the stated firm cannot enforce their rights under the terms of the Indian Partnership Act, 1932, if the partnership firm is not registered. This is a major disadvantage from a legal point of view. This is where Vakilsearch comes into the picture. Our team provides clarity on the registration process and provides holistic support in completing the partnership firm registration online. Book a slot right now to get your firm registered quickly.