This is very simple to get the format of Partnership done. By just doing three simple steps:
Log in to our website----->Go to the page of Partnership Deed
Fill up all the required fields like the address of the firm, address & identity proofs of all partners, stamp duty, etc.
After providing all details our team of lawyers will work on the draft of partnership deed & once the drafting is done it will be available for you to download on our site.
Please note:You can avail of the partnership deed sample by logging in to our Site.You can make changes to Draft.
If one needs to understand the partnership deed, before that he/she needs to know how does the partnership deed come into existence. When two or more people want to start a new business & to share the profits & losses they come together to form a partnership such written agreement is known as ‘Partnership Deed’. One can also call it is a ‘Partnership Agreement’. And when such business gets registered by its own name the same is called as a ‘Partnership Firm’.
Partnership Deed is a written Partnership Agreement. It is basically made when two or more people want to start a new business they come together under the mutual understanding with the only purpose to do business & share profits & losses in the decided manner.
1. Number of Members:
In a Partnership, there is a minimum requirement for two members. Previously there was a limitation on the number of partners as follows:
A Partnership Deed is mainly formed on the basis of the following five factors which are given as under:
Any standardized partnership deed format should have the following clauses which are important from the firm point of view:
As such there is no such standardized format of Partnership Deed, all the relevant topics should get covered in the partnership deed & same should be signed by all the partners.
A partnership is a business concern which deals with purely business aspects among its partners. A written document is much more useful than the oral agreement made between two or more person. As to outline & clearly specify business needs we should the creation of partnership deed is the foremost factor. The importance of creating a partnership deed is given as under:
I] The first & foremost step while registering a Partnership Firm is to collect the following documents:
a. Address Proof of your firm, e.g. - current account details or any other license applied in the name of your firm.1. Delhi: Currently, for the state of Delhi, the firm is first required to be registered with the jurisdictional Sub-Registrar office (where the routine property registrations are made) so that due stamp duty is assessed properly by the government official. Once the same is registered as a document with the State Revenue Authority, it needs to be registered with the Registrar of Firms and Society.
Kindly take a note that each state is having different provisions regarding the registration
For manual registration time limit is one month. So it is always preferable to apply for registration online as it is less hassle-free.
As well after finalizing the Draft of the Partnership Deed, it should also notarize the same on non-judicial stamp paper of Rs.200 or more & should be signed by all partners.
To make a Partnership Deed you must log in on our website & fill the required details asking for the following credentials:
II] The second step is to submit the application to the Registrar of Firms along with very much little of fees.
After completion of all the formalities, Registrar should provide the Certificate of Incorporation & enter the name of the firm in his books.
Also, a separate PAN Card should be obtained from the IT Department in the name of the firm.
A current account is a type of deposit account that helps the professionals and businessmen to run their business. Businessmen can avail various benefits by Online Current Account such as:
Online current account reduces the hassle and provides the benefit to complete the banking process anytime and anywhere.