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Taxolawgy

• Justice for All!
• Legal Financial Taxation

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About Us

• Taxolawgy is an online marketplace for providing
  highest quality of Legal and Financial services
  in the most transparent environment at affordable
  rates, while opening global business
  opportunities for experts like Advocates, CA, CS,
  etc.

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What is a Partnership Firms?

• The partnership firm is formed with the mutual
  consent of all the partners to the business. The
  firm is formed, registered and governed by the
  provisions as enumerated under the Indian
  Partnership Act, 1932.
• A partnership firm has no separate legal entity
  of its own.
• Liability of partners is jointly and severally.
• A partnership is a contractual relationship
  arising out of an agreement between two or more
  partners.

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Documents required for the registration of
Partnership Firm

• Below are the documents required
• Address proof of partners
• PAN card of partners
• No objection certificate (NOC) from the owner of
  the property of the property
• Ownership proof
• Rent agreement of your registered office
• Original Partnership Deed
• Application form in a prescribed manner
• Any other document as required by the registrar.

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Requirements Procedure for Registration of a
Partnership Firm

• Make the application in the manner prescribed.
  The required fees are to be attached to it and a
  true copy of the partnership deed also needs to
  be sent to the registrar of firms.
• Then attach the required documents with the
  application. Documents are Registration Form
  (Form no. 1), duly filed affidavit, a certified
  copy of the partnership deed.
• Once the above stages are completed the next
  thing you need to pay is the required fees for
  registration.
• Naming the partnership firm The name that is
  chosen by the partners. Once a firm is registered
  it has to use the term registered as a suffix.
  If the partners are not satisfied with the order
  of the registrar when it comes to the name of the
  firm, the partners have the right to appeal to
  the authorized personnel of the state government
  in this behalf. The period of appealing is 30
  days from the date in which the order was passed.
• Entry by registrar The registrar makes an entry
  in the Register of Firms and issues the
  Certificate of Registration.

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• Easy to Start Partnership firms are easily
  formed. The only requirement for starting a
  partnership firm in most cases is a partnership
  deed.
• Decision Making Decision making is one of the
  most important feature . In a partnership firm
  decision making could be faster as there is no
  concept of the passing of resolutions.
• Raising of Funds A partnership firm can raise
  funds easily. Multiple partners make contribution
  easily. Also the banks view a partnership more
  favorably while sanctioning credit facilities.
• Sense of Ownership Every partner in involved in
  the management of the activities of their firm.
  Their tasks might be different in nature but are
  united for a common cause.

Advantages of Partnership Firm
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Post Partnership firm registration
requirements

• Bank account  To open a bank account in the name
  of the partnership firm within 30 days from the
  date of registration.
• Intellectual property registration Intellectual
  property is an important aspect as it provides
  protection to the trademark and patents from
  being infringed. Hence the partnership firm after
  being registered must also go for the
  registration of intellectual property.
• GST registration Goods and Service Tax
  registration is required only if the business has
  an annual turnover of Rs. 40 lakhs (in some
  states 20 lakhs). GST is compulsory for
  businesses related to E-commerce, Export-Import
  and market place aggregators.
• Drafting the documents  Policies and procedures
  are essential elements to the growth of a firm. A
  partnership firm should draft their policies
  immediately upon registration.

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How does Taxolawgy help you register your
Partnership Firm?

• Provides free consultation by our team of
  experts.
• Connects with highly qualified lawyers, who
• Help you get experts who shall register your
  partnership firm hassle-free and do the other
  things necessary for you.
• Solve all your queries
• Help you submit the correct paperwork

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Taxolawgy

• Hope you liked it!
• To know more about our legal, financial
  taxation services write to us at
  info_at_taxolawgy.com