To start a partnership firm, first one may decide whether to go with a registered partnership firm or unregistered partnership firm. But for a finance business the registered partnership firm is more suitable.
The process to start a partnership firm is as under:
- List out the main clauses which are to be covered under partnership deed.
- Draft the partnership deed.
- Stamp and notarize the deed.
- Apply for a PAN and TAN for the firm.
- For a registered partnership firm apply for registration of deed with the registrar of firms.
- Apply for other registration such as GST, Shop & Establishment, MSME, IEC as per applicability.
- Start your business.
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