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In case you wish to open a Partnership firm, one should first know that there are two type of partnership firm: 1) Registered Partnership Firm and 2) An Unregistered Partnership Firm. Both of them are simple form of business with minimum compliance. To start an Unregistered Partnership Firm, the process is very simple one need to draft the partnership agreement including all such activities of business, right and liabilities of the partners and many more clauses as per need. Once the deed is drafted one needs to apply for a PAN of the firm and open a current bank account in the name of the firm, afterwards the business can be started easily. To carry on business as a Registered Partnership Firm the process will remain same but the only difference is partner's needs to register their partnership firm with the REGISTRAR OF FIRMS of their concerned state. This type of firm has an advantage that firm can sue anybody in case of any discrepancy with any other person or among the partners. If the firm is not registered one needs to solve the matter out of the court with the help of Arbitrator or mediator. Further, a flat rate of 30% tax is levied as Income Tax on both type of partnership firm and any other tax is levied as applicable based on the limits as provided. To establish the partnership firm in India, get in touch with experts at 1800 313 4151 or visit us at http://www.legalwiz.in/partnersh...

The registration of Partnership Firm is voluntary as provided under Indian Partnership Act, 1932. However, the registration allows higher creditability along with the ease of expansion or conversion of business at future date. The Partnership Firm is registered with the Registrar of Firm (RoF). Here, the registration procedure varies from state to state along with time for issuing registration certificate. To register a partnership firm in Maharashtra, following documents are required to be submitted: PAN card copy of Partners Address Proof of Partners Original Partnership Deed signed by all the Partners Form No. 1 (Application for registration under Partnership Act) Affidavit declaring intention to become partner Rental or lease agreement of the Business Place Utility Bill as address proof of Business Place Any other documents, as required by the registrar. You can refer to our blog "Registered Partnership Firm: Procedure & Benefits of Registration" for details on same. You may contact LegalWiz.in for any further clarification and Incorporation of the Company. To make the process simple, affordable and hassle-free, please contact us at 8980685509 or drop an e-mail at support@legalwiz.in for consultation with experienced professionals.

Registration of partnership firm follows few simple steps. Where first is the drafting of Partnership Deed, which includes various points and clauses that govern the partners and partnership firm. The registration process is different in every State; however here is a generalised list of documents required for registration: a. PAN card copy of Partners b. Address Proof of Partners c. Original Partnership Deed signed by all the Partners d. Form No. 1 (Application for registration under Partnership Act) e. Affidavit declaring intention to become partner f. Rental or lease agreement of the Business Place g. Utility Bill as address proof of Business Place h. Any other documents, as required by the registrar For process of registration, you may refer "Registered Partnership Firm: Procedure & Benefits of Registration" Also, visit us at https://www.legalwiz.in/partners... or get in touch with our experts at 1800 313 4151 for any assistance required.

According to the Indian Partnership Act, the unregistered partnership firm is valid and deed with the payment of stamp duty and notary is enough to apply for a PAN card in the name of the firm. The application for PAN card allotment can be made by application to the department. The PAN card will be issued within 10 - 12 working days and will be dispatched later. To form an unregistered partnership firm, read guidance at https://www.legalwiz.in/blogs/pa... or visit us at https://www.legalwiz.in/partners.... Experts are available on call at 1800 313 4151 or mail at support@legalwiz.in

Yes, once the Partnership Firm is registered with RoF, any changes to business structure or Partnership Deed must be registered with the concerned RoF. If you need help with this, feel free to visit us at https://www.legalwiz.in/change-i.... For urgent assistance, call us at 1800 313 4151 or drop an e-mail at support@legalwiz.in.

Import Export Code, commonly known as IEC is a 10 digits code allotted by Directorate General of Foreign Trade to the entities engaged in international business. Application for IEC code registration is online and centralised process under DGFT. With simple documents requirements, the application is made on the web portal. The steps to file the application are mentioned below in brief: The very first step and of course necessity is the business set up and its registration such as GST registration or Shop & Establishment Registration, etc. The applicant is required to make an application for allotment of PAN in case other than sole proprietorship. Once the PAN card is allotted, current bank account in name of business is opened. On collection of requisite documents (mentioned in later part of the answer), the applicant can proceed to next step. The applicant must obtain Digital Signature Certificate (DSC) to sign the online application. Upon obtaining DSC and requisite document, the application for Import Export Code registration is made online on the portal allotted. The competent officer will review the application filed. If the application and the documents are founds satisfactory, the officer may allot the code or ask for additional information or documents. General documents list for import export code registration online: PAN Card of the Applicant Passport Size photograph of the applicant Cancelled Cheque Address proof of the Business (Constitutional documents such as Partnership Deed, MoA AoA or LLP Agreement, as the case may be should be furnished in addition to above.) The IE Code is PAN based with lifetime validity. Therefore, the concerned business entity is not required to either renew or make separate applications for the branch offices. Also, the registration does not require any further compliance or return filing. For further information, please contact our experts at 1800 313 4151 or through mail at support@legalwiz.in