401, SURESH SADAN, DAULAT NAGAR, ROAD NO 4, BORIVALI EAST MUMBAI
PARTNERSHIP FIRM & LLP RELATED SERVICES
FORMATION OF PARTNERSHIP FIRM
Indian Partnership Act allows a firm to be formed and executed by entering into Partnership Agreement. Further, it provides types of Partnership Firm as Unregistered Partnership Firm or Registered Partnership Firm. Whether the firm is registered or not the Partnership firm is legal in the eyes of Law.
The registration of partnership firm is preferable as the unregistered Partnership Firm cannot sue the third party or contracting party and vice-versa. Also, the Partners, in case of internal disputes or issues, cannot approach the Court and shall resolve the disputes with the help of arbitrator or alternate dispute resolution mechanism. Furthermore, the registration also helps the expansion and conversion of the Firm into any other form of Business.
An unregistered Partnership Firm at any stage can be registered in order to remove the deficiencies as prescribed above.
FORMATION OF LLP
Limited Liability Partnership (LLP) has become a preferable form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization.
Features of LLP
- It has a separate legal entity just like companies
- The liability of each partner is limited to the contribution made by partner
- The cost of forming an LLP is low
- Less compliance and regulations
- No requirement of minimum capital contribution
If you want to start your business with Limited Liability Partnership, then you must get it registered under Limited liability Partnership Act, 2008.
ADDITIONAL SERVICES FOR FIRM & LLP
Besides formation we also provide additional services related to Partnership firm & LLP
- Amendment to Partnership deed such Admission of Partner, Deletion of Partner, Change of Name, Change of Registered place of business, Dissolution of Partnership firm.
- Mandatory Annual filings for LLP
- Application of DPIN