1. Required Minimum 2 Partners
2. Suitable where more than two Founder
3. Traditional Business Model without Corporate Stracture
4. Lessor Legal Compliances as compared to Company and LLP
5. Less Favourable for VC and Angel Investment
6. Tax Free Profit Sharing Among Partners
1. PAN of all Patners
2. Voter ID/DL/Aadhar Card of All Partners
3. Passport Photo of all partners
4. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for registered office.
Step 1- Partnership Agreement and Form A Drafting
Step 2- Deed Execution
Step 3- Application for Registration at Registrar of Firms
Step 4- Certificate of Registration
Step 5- Application for PAN