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LLP Registration

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Partnership

Proprietorship

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Overview

The easiest way to start a business with fewer compliances in comparison to firms & companies. In India, this is the most common type of business setup adopted by small business owners on a large scale, there is no separate law to govern it which makes it more popular among sole traders. There is no specific registration requirement for proprietorship business however, to start the business some other basic registration or licenses needs to be taken such as GST, Trade License, Shop & Establishment, etc. Our experts will provide you the best consultancy to setup proprietorship business very smoothly with less noise.

Certification Required

  • GST Registration

  • Shop & Establishment Registration

  • MSME (Udyog Aadhaar)

  • Current Account with Bank

  • TAN

  • PAN (if not available)

  • Aadhaar Card

  • PAN Card

  • Registered Office Proof (Rent Agreement/ Electricity Bill/ NOC/ Sale Deed)

  • Cancelled Cheque

  • Residential Address Proof (Voter ID Card/Driving License/ Passport/ Electricity Bill)

  • Passport Size Photos

STEPS INVOLVED IN REGISTRATION PROCESS (Duration - 07-10 Days )

Colorful Abstract Shape

Apply for Current Account

Step 2

Step 4

Apply for PAN (If not available)

Know how to apply for PAN ?

Compare Bank here

Step 1

Avail GST registration.

Who is required to registered for GST? 

If annual turnover exceeds 40/20 Lakhs (Goods) or 20/10 Lakhs (Services). It becomes mandatory to get GSTIN without considering the threshold limit, if business owner supply goods (not services) thru E-Commerce channels like Amazon, Flipkart or making Inter-State supply of goods (notservices).

Step 3

Other Registration (Optional)

MSME registration (Udyam/Udyog Aadhaar)

Shop and Establishment registration issued by the Department of Labour

icons-1337907_1280.png

Overview

As the name suggest, formed by two or more person to run a business. These firms are governed by Indian Partnership Act, 1932, this form of business is adopted by mostly mid-level business owners. All partnerships should have a written partnership deed, mutually decided between all the partners. Registration with registrar is optional and at the discretion of the partners but it is always advisable to register the firm as there are special rights available to them. Our experts will help you in each single steps involved in partnership firm’s registration.

Certification Required

  • GST Registration

  • Shop & Establishment Registration

  • MSME (Udyog Aadhaar)

  • Current Account with Bank

  • TAN

  • PAN

  • Register with Registrar of Firm (Optional)

  • Aadhaar Card of Partners

  • PAN Card of Partners

  • Place of Business Proof (Rent Agreement/ Electricity Bill/ NOC/ Sale Deed)

  • Cancelled Cheque

  • KYC proof of partners (Voter ID Card/ Driving License/ Passport/ Electricity Bill)

  • Passport Size Photos of Partners

STEPS INVOLVED IN REGISTRATION PROCESS (Duration - 07-10 Days )

Colorful Abstract Shape

Apply for Current Account

Step 2

Step 4

Identify Partnership Firm’s Name and Apply for PAN (If not available)

Know how to apply for PAN ?

Compare Bank here

Step 1

Avail GST registration.

Who is required to registered for GST? 

If annual turnover exceeds 40/20 Lakhs (Goods) or 20/10 Lakhs (Services). It becomes mandatory to get GSTIN without considering the threshold limit, if business owner supply goods (not services) thru E-Commerce channels like Amazon, Flipkart or making Inter-State supply of goods (notservices).

Step 3

Other Registration (Optional)

MSME registration (Udyam/Udyog Aadhaar)

Shop and Establishment registration issued by the Department of Labour

Execution of Partnership Deed

A deed or agreement will be signed between all the partners to run the business and share the profit or loss amongst them in
agreed ratio. Know More

Step 5

Register with Registrar of Firm (optional)

Step 6

It is optional to get registered the partnership firm with the registrar. Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership. It is always advisable to register the firm since a registered firms enjoy special rights which aren’t available to the unregistered firms. Benefits of Registration

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ABOUT US

We provide one step solution for all your business & financial requirements

We are specialise in tax preparation and planning, GST Compliance, Book keeping and accounting support for individuals and businesses. We offer extensive experience and expertise at a corporate level to optimise the financial outcomes for your business.​ ​ We provide one step solution for all your business & financial requirements

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