Setting Up New Entity
Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business.
Risk and responsibilities are shared amongst the partners that shred the burden of an individual partner.
Pre-defined Object or Period
Various Financial Returns to the Partners
PAN Card of all Partners
Aadhar Card and Voter ID/ Passport/ Driving License of all partners
Utility Bill (Electricity Bill) of the place of business
Rent Agreement and NOC from the owner of the place of business, if rented
Indian Partnership Act, 1932