Partnership business is established when two or more person join hands together to become the owners and share the profits and losses.
It is easier to establish, startup cost is low and it is ideal for the small entrepreneur(s) wants to start partnership business.
Due to more number of members/partners, the firm will have larger resources for operations in comparison to sole proprietorship business and consequently will have better management.
Necessary Documents for Partnership Firm:
PAN Card: PAN card of each Partner
Identity Proof: Identity Proof of each Partner - Aadhaar Card/Voter ID Card/Driving License.
Address Proof: Residence proof of each Partner - Utility Bills such as Electricity/Telephone/Bank Statement (not older than 2 months).
Registered Office Address Proof: Address proof of the Registered Address of Firm - Rent Agreement and Utility Bill of same address in name of landlord - NOC from the landlord/director.