Partnership Firm Registration & Agreement
Partnership firm is easy and quick to start. A General Partnership Firm (many times referred as Partnership Firm) is a business entity formed by 2 or more people. The law also allows the partners of a GP firm to sue or to be sued in the name of firm (only applicable for registered firms), though registration is optional. It is good to register as it offer various advantages like separate business entity, capacity to pursue any activity as a company etc. Other advantages includes:
- Tax savings. Profits distributed to partners are not subjected to double taxation.
- Low compliances requirements.
- Access to higher capital base by including more partners to business.
- Manage business efficiently by proper delegation of activities to various partners.
eLagaan offers customized partnership agreements to efficiently capture your needs and agreements. If you decide to register the company, we make it hassle free and quick.
Hassle free way to Start a General Partnership Firm in India.
Estimated Time: 2-3 weeks