Partnership registration In Siliguri We at BSA & Company help clients for partnership registration in Siliguri. According to Section 4 of Partnership Act, 1932. Partnership Firm is a relation between two or more persons who have agreed to share the profit & loss of the business continued by all or anyone of them acting for all. Partnership firm is a mutual agency.
It is not a separate legal entity. We are also known for We help for partnership registration in Siliguri,Partnership firm registration, Partnership GST registration, partnership firm registration in West Bengal. It must be for some lawful business with a legal contract among the Partners. It’ a type of business organisation in which two or more individuals invest their capital, skills and other resources, and share profit and loss in accordance with the terms of the partnership deed or agreement.
There are some advantages of partnership firm. Partnership registration In Siliguri |Partnership Firm registration in West Bengal Partnership registration In Siliguri,West Bengal | Partnership firm GST registration Advantages of Partnership FirmA partnership business iseasy to formsince very minimum legal procedures are mandatory.The Partnership Firm can beeasily dissolvedin the insolvency retirement or death of a partner, no legal procedures are required.Division of work among the partners lead toefficient management.The partnership business isquite easy and flexiblesince it is free of government control.In the Partnership Firm, every partner bearsthe risk equally and individually.A partnership firm are not required to maintain books of accounts and audited financial reports.Disadvantages of partnership firmPartnership business hasunlimited liabilitywhich effect the financial property of individual partners.Public hasless faithand trust in partnership firms.Sometimesdecision makingis difficult in the partnership firm.All the partnersequally responsiblefor any actions taken in the name of the business by all the partners.Documents required for partnership firm: –Application for partnership Firm Registration inForm 1.An affidavit(a declaration of facts) starting the partner’ intension to join the partnership firm.Partnership deedon stamp paper notarized with ROF or without ROF of West Bengal.Pan and Aadhaarof all the partners and passport size photographs.Business address premiseproof like rental agreement or electricity bill with NOC (by ROF and GST etc).Application Procedure of Registration on Partnership Firm in West Bengal: –Following are the instruction for registration a partnership firm in West Bengal –Step 1) –Select an appropriate name for the company followed by law.Step 2) –Draft a partnership deed with the expert or draft yourself through templatesName and address of all the partnersNature of the businessDate of starting of business and capital to be contributed by each partnership mentioned in the partnership deedProfit and loss sharing ratio among the partnersImportant clause-Profit sharing clauseCapital contributionDispute resolutionRetirement termination clauseStep 3) –Print on stamp paper worth at least 500/- as per West Bengal state Stamp Act which deeds on the capital or contribution and notarised the same that deed.Step 4) –Registered deed withROFof West Bengal.Step 5) –apply forPANandTANthrough NSDL.Step 6) –open acurrent bank A/Cwith any bank.Step 7)-while attaching all the documents, the partners must sign in all the required documents and application form.After that, the authority will check the applicant form for any potential errors and makes the required changes. Once the authority gets satisfied, they will grant the certificate of Registration to the Partners within a week. Advantages of Partnership Firm A partnership business iseasy to formsince very minimum legal procedures are mandatory.
The Partnership Firm can beeasily dissolvedin the insolvency retirement or death of a partner, no legal procedures are required. Division of work among the partners lead toefficient management. The partnership business isquite easy and flexiblesince it is free of government control. In the Partnership Firm, every partner bearsthe risk equally and individually.
A partnership firm are not required to maintain books of accounts and audited financial reports. Disadvantages of partnership firm Partnership business hasunlimited liabilitywhich effect the financial property of individual partners. Public hasless faithand trust in partnership firms. Sometimesdecision makingis difficult in the partnership firm.
All the partnersequally responsiblefor any actions taken in the name of the business by all the partners. Documents required for partnership firm: – Application for partnership Firm Registration inForm 1. An affidavit(a declaration of facts) starting the partner’ intension to join the partnership firm. Partnership deedon stamp paper notarized with ROF or without ROF of West Bengal.
Pan and Aadhaarof all the partners and passport size photographs. Business address premiseproof like rental agreement or electricity bill with NOC (by ROF and GST etc). Application Procedure of Registration on Partnership Firm in West Bengal: – Following are the instruction for registration a partnership firm in West Bengal – Step 1) –Select an appropriate name for the company followed by law. Step 2) –Draft a partnership deed with the expert or draft yourself through templates Name and address of all the partners Nature of the business Date of starting of business and capital to be contributed by each partnership mentioned in the partnership deed Profit and loss sharing ratio among the partners Important clause- Profit sharing clause Capital contribution Dispute resolution Retirement termination clause Step 3) –Print on stamp paper worth at least 500/- as per West Bengal state Stamp Act which deeds on the capital or contribution and notarised the same that deed.
Step 4) –Registered deed withROFof West Bengal.