Partnership firm is a kind of entity which has been governed by the law of 1932. This law which is applicable on the partnership firms is known as the Partnership Act of 1932. Under the same law everything related to such a kind of entity has been given. It makes the understanding of the partnership firm registration easy and smooth for the laymen as well as professionals. In order to do the registration of such an entity one thing which you must know about is the documents. There is a proper list of documents required for partnership firm registration. We will discuss the same here in the present blog. It is advisable to all those who want to register for such a form, collect all the documents required for partnership firm registration before starting the registration procedure. This will help you out to do registration easily.
What is a Partnership Firm?
When two or more people associate together in order to do any kind of business with the help of a mutual agreement, it is called partnership firm. Such firms are worked on the basis of the partnership deed. Among the various documents required for partnership firm registration, partnership deed is the most important. Partnership firms registration is not mandatory, but as a professional we always suggest to do its registration so that in case any dispute arises among the partners it will be easy to prove partnership in the court of law. Unregistered documents are difficult to prove, hence for the security purpose and for the more clarity one must register its partnership firm.
List of Key Documents Required for Partnership Firm Registration
While registering a partnership firm it’s important to have with you the proper list of all those documents which are mandatory for partnership firm registration. Without having proper documentation for the registration of such an entity, one cannot register their partnership firm. Hence you must have all the documents required for partnership firm registration with you in order to do the same smoothly without any delay. The list of such documents which are compulsory to have for the registration of the partnership firm is given below, go through the list in order to do the smooth registration:
Partnership Deed
When it comes to the registration of the partnership firm, partnership deed is the most important document. In the list of documents required for partnership firm registration, partnership deed comes on the top. This is a kind of mutual agreement between the partners about the operation as well as management of the partnership firm. It makes the work of the partners easy and makes everything clear between them. Before signing the partnership deed all the partners must read it carefully. Once all the partners are agreeing on the terms and conditions of the partnership deed they can move ahead with the same.
Identity Proof
Identification proof of all the partners who want to associate together as partners in the partnership firm is required. Identification proof can be an Aadhaar Card, PAN Card, Voter ID Card, passport etc. It is not something which is a directory, it is a compulsory document, hence all the partners must have their identity proof in order to register the partnership firm.
Address Proof
Just like the identification proof of the partners, address proof is also required. Without having a proper document related to the address proof of all the partners who want to associate with the partnership firm, such entities cannot be registered. Hence before starting the registration process always make sure that all the partners are having their address proofs.
Business Address Proof
When you are going to register a partnership firm, they will surely ask you about the registered address proof, hence you must have a valid business address proof. Business addresses can be of two types. First if the office is on rent then the rent agreement will work, but if the office is the personal property of any of the partners then the utility bill will work. In case the office is on rent then the no objection certificate of the owner will also be required. Without having proper business address proof one cannot register this entity.
Photograph of Partners
All the partners who are part of the partnership firm must have their passport size photographs. During the time of the partnership firm registration these photographs are required. They are also part of the list of those documents which are mandatorily required for partnership firm registration. Hence one must have them. One more thing which is important regarding photographs is that they should be the recent ones. Old photographs are not accepted.
Affidavit of the Partners
As mentioned above that partnership firm is a kind of mutual agreement, it is must for it that all the partners mutually agree on the terms and conditions of the partnership deed, one of the key documents required for partnership firm registration. Hence for the same purpose an affidavit of all the partners separately is required to be submitted before the registrar to prove that all the partners are agreed to associate together in order to form a partnership deed.
Conclusion
For the smooth registration of a partnership firm, it is essential to have a set of documents required for partnership firm registration in place. The most crucial document among the various documents which are mandatory for the registration of such an entity, is the partnership deed, a mutual agreement outlining the terms and conditions between the partners. Additionally, partners need to provide valid identity proof, address proof, business address proof, and recent passport-sized photographs. All these are also included in the mandatory documents.
The partnership registration process also requires an affidavit from each partner of the partnership firm, affirming their mutual agreement to the terms specified in the partnership deed. Ensuring the availability of these documents required for partnership firm registration, is essential to do the registration procedure and establish a partnership firm in compliance with the Partnership Act of 1932.
