Partnership Firm Registration in Bangalore

A partnership firm registration in Bangalore is not obligatory but it is advisable to register a Partnership firm for added advantages. A Partnership Firm is a very common form of business constitution.

A partnership firm registration is not obligatory but it is advisable to register a Partnership firm for added advantages. A Partnership Firm is a very common form of business constitution. These type of business units are owned, managed and controlled by an association of people. It is relatively easy to start Partnership firms and are much prevalent amongst small and medium sized business sectors. Partnership firms are losing prevalence post introduction of Limited Liability Partnership due to the added advantage of LLP.A due Partnership firm registration is basically essential to enjoy certain rights.

Any name can be given to a partnership firm as long as it fulfils the following criteria:

The name should not resemble to that of any existing firm doing the same business.

The name should not contain words like emperor, crown, empress, empire or any other words which requires due approval of the government. A written agreement stating the profits, rights shares and duties of the partners must be maintained to ignore future conflicts.

Requirements of Partnership firm registration: Identity and Address Proof

Address and identity proof of all the shareholders and directors are required for incorporation. PAN card is mandatory for Indian nationals. Attested or notarised copy of passport must be submitted mandatorily for foreign nationals. Residence proof documents like bank statement or electricity bill must be less than 2 months old are required.

Registered Office Proof

All companies must have a registered office in India. To prove access to the registered office, a recent copy of any of the utility bills like electricity bill or property tax receipt or water bill must be submitted. A copy of rental agreement.NOC from landlord is required to be submitted in case of a rented office or an ownership document should be produced.