Partnership Deed Registration - Legalize Your Partnership
A Partnership Deed is a written legal document containing a Partnership agreement between the partners of a firm that summarises the terms and conditions of their partnership under the ‘Indian Partnership Act 1932’.
Partnership Deed? What is a Partnership Deed?
A partnership deed is an agreement between the partners containing a Partnership agreement between the partners of the firm. The said deed includes the terms and conditions of the partnership like the nature of the business, a specific state in which the firm will operate its business activities, partnership firm structure or a clause related to the dissolution of the firm under the “Indian Partnership Act of 1932”.
Having a registered partnership deed is not at all mandatory, but it is advised to register the firm. The registration of a partnership is done before the Registrar of Firms. Registered Partnership Firm serves as an important reference point, resolving unpredicted conflicts between the partners and protecting their interests. A registered Firm is like having a contract with one friend before starting a business together, as it ensures a smooth and successful partnership.
A Partnership deed plays the role of a roadmap for operating a smooth business between two or more people who are partners in such a business. It outlines partners’ roles, rights and responsibilities.
Having a registered partnership deed is not at all mandatory, but it is advised to register the firm. The registration of a partnership is done before the Registrar of Firms. Registered Partnership Firm serves as an important reference point, resolving unpredicted conflicts between the partners and protecting their interests. A registered Firm is like having a contract with one friend before starting a business together, as it ensures a smooth and successful partnership.
A Partnership deed plays the role of a roadmap for operating a smooth business between two or more people who are partners in such a business. It outlines partners’ roles, rights and responsibilities.
Documents required for Partnership Deed Drafting
- PAN Cards of Partners
- Identity and Address Proof of Partners
- Passport-sized Photographs of Partners
- Utility Bill of Registered Office Address like electricity bill
- Stamp-Paper Stamp Paper for Partnership Deed Notarization
- Proof of Office Address from where the business will be operated
- No Objection Certificate (NOC) from the Property Owner (if applicable)
- Rent Agreement or registry papers of the property from where the business will be operated
