Overview
The eligibility criteria for registering a partnership firm in Tripura include having a minimum of two partners and a maximum of 20 partners, having a valid partnership agreement, and having a registered office in Tripura, the documents required for partnership firm registration in Tripura include a partnership deed, PAN card of all partners, and proof of office address. The partnership firm registration process in Tripura can be done online or offline, and the firm must obtain a certificate of registration from the Registrar of Firms in Tripura.
Eligibility Criteria
- A minimum of 2 partners
- All partners must be over 18 years of age
- The business activity of the partnership firm should be legal and in compliance with the laws of the state
- Unique partnership firm name
- The partnership firm must have a registered office address in Tripura
- The partnership firm must have a PAN number and a current bank account in the name of the firm.
Did You Know?
Tripura is a prime location for the educational sector because of its higher than average literacy rate of 87.22%. Tripuran tea is renowned for its excellent mixing capabilities. Some of the state's tea estates have started producing organic tea and green tea. Tripura's tea sector is expanding and offers significant investment potential.
Benefits
- Liability Protection: The partners are protected from unlimited liability and are only responsible for the debts of the firm to the extent of their capital contribution
- Easy to Start: Starting a partnership firm is relatively easier and less complicated than other forms of business organisations
- Lower Cost of Operation: Partnership firm in India have lower costs of operation compared to other forms of business organisations
- Ease of Raising Funds: Partnership firms can easily raise funds from its partners or from outside sources.
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
All of your questions regarding the procedure can be answered by our team. Also, you can provide our specialists with all the necessary paperwork right away.
Step 2: We Will Prepare the Documentation
Our team will draft the partnership deed online 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.
Offline
- Prepare the partnership deed
- File an application with the Registrar of Firms with the documents
- Pay the relevant fees
- The registrar will examine the application and approve it if it complies with the requirements
- Post approval, the registrar will issue a certificate of registration.
Documents Required
- PAN card of all partners
- Address and ID proof of all partners
- Registered partnership deed
- Initial capital contribution details
- Business address proof
- Bank details of the partnership firm.
Why Vakilsearch
By fulfilling the eligibility criteria and providing the required documents, the partnership firm can be registered either online or offline. The partnership firm registration process in Tripura offers numerous advantages to the partners such as shared liability, ease of setting up, and flexibility in management. It is advisable to seek the help of our professionals to ensure a smooth and hassle-free registration process. Book a slot now.
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