ABOUT

  • 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.

ADVANTAGES

  • Shared Responsibilities

  • Pre-defined Object or Period

  • Various Financial Returns to the Partners

  • Operating Flexibility

DOCUMENTS REQUIRED

  • 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

GOVERNING ACT

  • Indian Partnership Act, 1932