Do you want
to launch a partnership-based startup? Nice call so, and that we suggest you
register it. You would possibly bear in mind that the registration of a
partnership business is optional in India. However, there are unit sure edges
that solely a registered business will get pleasure from.
Here, we've
got answered one among the foremost commonly asked partnership firm queries we
have a tendency to receive, i.e., “how does one register a partnership-based
startup?”
Step-By-Step Procedure for Registering a Partnership-Based Startup in India
If you wish
to include your startup as a partnership business, you wish to follow the
conventional procedures for registering a partnership firm. Then, it's wise to
conjointly register your business as a startup with Startup India.
Registration as a Partnership-Based Business
STEP 1: Selecting the Name of the
Business
You need to
form positive that the name of your partnership business is exclusive and doesn't
match any existing business entity. In addition, for this, you'll be able to
visit the MCA (Ministry of company Affairs) web site by clicking at http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do.
you'll be able to fill in your planned name of the firm within the area
provided and check if it's been taken already by another entity.
STEP 2: Draft the Partnership Deed
The
partnership deed ought to mention the subsequent details-
- Name and address of the firm and its partners.
- The capital contribution by every of the partners.
- Further, commissions/salaries or different liabilities to the
partners.
- Additionally, the magnitude relation of profit/loss sharing
among the partners.
- Other clauses as reciprocally in agreement by the partners.
- This deed is that the foundation of your business. So, rather
than taking a risk, you'll be able to catch on written by our consultants at a
reasonable value.
STEP 3: Execution of the Partnership
Deed
Once you end
the partnership deed format, it must be dead. It ought to be punctually signed
by all the partners and therefore the witnesses.
Next,
taxation ought to be paid as prescribed by the statute of the involved state.
The deed must be dead either on non-judicial stamp paper or by franking. Once
the payment is created, the deed must be notarized.
STEP 4: Preparation of Documents
You should
build the subsequent documents prepared whereas registering your
partnership-based startup-
- Application form (Form 1).
- Specimen of the official document punctually crammed.
- A certified true copy of the partnership deed.
- PAN cards of all the partners (as the identity proof).
- Aadhaar card/voter ID card/ passport/driving license of all
the partners.
- PAN card within the name of the business.
- GST registration certificate within the name of the business.
- Rent agreement (in case of rented premises) and utility bill
of the registered workplace area. Within the case of rented premises, associate
intelligence agent from the owner is additionally needed Details of the present
checking account within the name of the business.
STEP 5: Submission of the
Registration Application
The
Registrar of companies (RoF), of the involved government, is that the authority
that oversees the method of Partnership registration. You ought to submit the appliance
kind (duly signed by all the partners), the documents mentioned higher than and
therefore the requisite fee to the workplace of the Registrar.
STEP 6: The Approval & supplying
of the Registration Certificate
The
Registrar would review the appliance and therefore the related to documents. On
satisfaction, the authority can approve the registration and issue the
registration certificate. It’ll then be sent to the official email ID of the
business. From the date of registration, your businesses are ready to get
pleasure from all the advantages of a registered partnership firm.
#Know the process how to Register your partnership firm
STEP 1:
Visit the
registration page of the Startup India web site at:
https://www.startupindia.gov.in/content/sih/en/registration.html
STEP 2:
Fill within
the needed details associated with your startup.
STEP 3:
Enter the
OTP sent to your email and mobile variety.
STEP 4:
Click
“Submit”. Your Startup India profile can get created.
STEP 5:
The next
step is to get recognition for your startup from the DPIIT (Department for
Promotion of trade and Internal Trade). For this, visit your profile and click
on the ‘Dashboard’ button. Then click on the ‘DPIIT
Recognition’ link.
STEP 6:
You
will direct to the ‘Recognition Application Details’ page. On the page, visit the ‘Registration
Details’ section and click on the ‘View Details’ link. Fill within the needed
details within the ‘Startup Recognition Form’. Click ‘Submit’.
STEP 7:
Now, transfer the subsequent
documents:
- PAN card
- Details of the partners
- Proof of web site link and pitch deck
- Registration/Incorporation Certificate of your startup
- Trademark and patent details (if available)
STEP 8:
Upon booming
submission, you'll mechanically receive a recognition variety for your startup.
You’ll get the popularity certificate once the booming validation of the
documents by the authorities. This sometimes takes two days once on-line
submission.
TAGS- Partnership registration, Partnership registration online, Partnership registration process, Partnership registration firm registration, Document required for Partnership registration, Partnership registration in India.
