Incorporating a partnership firm in India involves a series of important steps and legal considerations. At Accounting VAKIL, we provide comprehensive assistance to ensure a smooth and compliant incorporation process for your partnership firm.
Partnership Deed Drafting:
The first step is to draft a partnership deed outlining the terms and conditions of the partnership, including profit-sharing ratios, responsibilities of partners, decision-making processes, etc. Our legal experts assist in preparing a customized partnership deed tailored to your specific business needs.
Name Reservation:
We help you choose a unique name for your partnership firm and reserve it with the Registrar of Companies (ROC) to ensure its availability and compliance with naming guidelines.
Obtaining PAN and TAN:
We assist in obtaining a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your partnership firm, which are essential for tax compliance and financial transactions.
Registration with ROC:
Depending on the state in which your partnership firm is located, registration with the ROC may be required. We handle the registration process, including filing the necessary documents and obtaining the Certificate of Registration.
GST Registration:
If your partnership firm meets the GST registration criteria, we help you register for Goods and Services Tax (GST) to comply with indirect tax laws and facilitate seamless business operations.
Bank Account Opening:
We assist in opening a bank account in the name of your partnership firm, which is crucial for managing finances, receiving payments, and maintaining business records.
Compliance Support:
After incorporation, we provide ongoing support to ensure compliance with regulatory requirements, tax laws, accounting standards, and filing of annual returns. This includes maintaining proper books of accounts, preparing financial statements, and filing tax returns as per the prescribed timelines.
With Accounting VAKIL, you can rely on our expertise and experience to navigate the complexities of partnership firm incorporation, ensuring legal compliance and setting a strong foundation for your business success. Let us be your partner in building and growing a successful partnership firm.
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