Incorporating a Business

We at My Office Account offer a highly professional service covering the entire gamut of legal and non legal processes involved in company formations. From choosing an appropriate name, registration, company's articles of association to directors, share capital information, we handle the services in totality whether it's for a proprietor firm or a private limited firm.

Partnership Firm

Partnership is a very convenient way of doing business. When two or more people - friends, relatives, colleagues or siblings or any person for that matter, join together and act as co-owners of the business, while sharing profit and loss mutually or at the agreed ratio, a partnership firm is formed. In India, such Partnership firms are governed by the Indian Partnership Act, 1932. Though it is not mandatory to register a partnership firm, it is always advisable to register as an unregistered firm cannot file a suit in any court enforcing a right arising from a contract, creditor or third-party vendor or even a partner of the firm cannot file a case against the form or other partners.

Hence, when you intend to start a partnership firm, it is in good business sense that you register the firm, draft your partnership deed and get it registered while also putting everything pertaining to the establishment like the details of ownership, rights and responsibilities etc down on paper to avoid future disagreements and misunderstandings.

 

Scope of work

Type of Company

Partnership Firm.

Turnaround time

Incorporation Consulting

  • We shall understand your business and Provide Start up Advisory for against new incorporation. Based on your requirements, business structure, future plan, taxation and budget, we shall advise the right type of business constitution you can incorporate.

1 day

Name of Firm

Once name of Firm is finalized by you, We shall procure the stamp paper in the name of the firms and Partners.  There are no restrictions on the name of the firm and it not need be unique. 

1 day

Drafting of Partnership Deed

We shall collect all details from your side and start drafting the partnership deed as per the covenants decided based on our discussion with you.

2 days

Registration of Partnership Firm

Once the Partnership Deed is executed, we shall file forms for registration and apply for its Registration Certificate under Partnership Act.

2 – 3 days

Documents / Information required:

Documents required

Information required

  • ID proof and Address proof of Each Partner  (self Attested)
  • Photographs of each Partner
  • Rental Agreement and recent utility bill of the Partnership Firm
  • Forms executed in prescribed format for application of Registration Certificate.
  • Name of Partnership Firm 
  • Name of Partners and Sharing Ratio
  • Main Objectives or Line of Business of the Partnership Firm.
  • Other covenants such as Initial Capital, Bank account operation, etc.

 

 

PAN & TAN Number

Once your Partnership Deed is signed and Registration certificate is obtained We can apply for PAN and TAN Number respectively.