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Partnership

Partnership Agreement : Start a Partnership Business Legally Now

 

Start a Partnership legally with jjassociatez.com today

A partnership is a good business vehicle to start-up your partnership business and we would like to wish you good luck on a new venture.

A Partnership is the fastest way to start a business, since you can open the business in a few days with a Partnership Agreement.

Want even more good news? Unless you are going to deal with property or valuables, you need not register the business either.

Partnership Business: Advantages and Disadvantages

The main advantage of a Partnership business is the flexibility which this kind of business offers.

A Partnership is very simple and easy to start, and all you need to do is to prepare a Partnership Agreement and do a Partnership Registration.

The main disadvantage of a “Partnership” is that the personal assetsand belongings of the entrepreneur can be used to pay off the debts of the business.

Example: Let us take the example of Mary. She started a Partnership business and unfortunately suffered a loss of 1 million rupees. Her house, car and jewellery were used to repay the debts of the Partnership firm.

Had she started a Company, only the amount she had invested in the business would have been used to repay the debts of the business. Her house, car, jewellery etc. would have been safe.

That is why people still prefer to form a Company even though a Partnership is much easier to start.

Starting a Partnership Legally: How do I do it?

The entire process of starting a Partnership business can be done online. This process involves three steps:

Step 1: Get your partnership deed drafted on a stamp paper 

Step 2: Get the partnership deed registered with the State Registry (not mandatory)

What happens next?

Worry not, our team is trained to handle the entire process of registering a partnership, end-to-end. Just submit some basic documents with us so that we can get started.

a. Your Address Proof (like a Driving License or Voter ID card)

b. Your PAN Card

c. A Passport Sized Photo

These documents are required for each person you will have in the Partnership. Confused? Ask for sample documents so that you get 100% clarity.

What to do next?

Once you get your partnership registered, you can proceed to protect your brand with a Trademark, Copyright (for your website) and a Patent if you have an invention.

Naturally, you may also want to get some basic legal agreements like aTerms of Service prepared. We can help with this and with the day-to-day management of the business (for example, adding a new Shareholder to your Company)

Great, so what do I do now?

You can fill up the simple form on this page to learn more about getting your partnership deed drafted.

You can get a partnership deed drafted on a Stamp Paper via jjassociatez for Rs. 1999 only.

Our team will send you an email instantly and follow that up with a 1-to-1 call, if required.

 

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