A partnership firm is a type of business organization in which two or more persons come together to carry on a business with the objective of making a profit. The persons who join together to carry on the business collectively and share the profits and losses in a pre-decided ratio. Therefore, a partnership consists of a minimum of two persons and a maximum of twenty persons, with any one of them representing the rest. The registration of a partnership firm is not mandatory, but it is advisable to register the firm with the Registrar of Firms.
A Limited Liability Partnership (LLP) is a hybrid business entity that combines the benefits of both a partnership and a limited liability company. It provides the partners with limited liability and a separate legal entity status, and allows them to manage the business as per their requirements. However, the LLP is subject to compliance requirements and the partners are not protected from their own negligence or misconduct.
4CA provides partnership and LLP registration services including following:
PAN and income tax returns
Partnership deed
Stamp duty and notarization
Shop & Establishment registration (gumasta)
GST registration
MSME registration
With our comprehensive support, you can rest assured that your business will be up and running smoothly in no time. Contact us today to learn more about our services and how we can help your start your partnership business.