Firm registration and partnership
Amir Pathan
(Querist) 10 December 2015
This query is : Resolved
Hello,
i am looking to start up a new firm with partnership. Should i go with notarized partnership deed agreement or registered partnership agreement? and why? does this partnership is liable to form firm as private limited company? should i have to do another registration to form private limited company?
H.M.Patnaik
(Expert) 11 December 2015
At the outset,U have to make up ur mind whether to incorporate a Partnership firm, LLP,One man Company or Pvt.Ltd. Company considering broad requirements of business, Quantum of Share Capital, no. of joint participation proposed etc.. Hence, it is always better to consult an experienced local Chartered Accountant to plan ur moves.
Rajendra K Goyal
(Expert) 12 December 2015
Partnership may not be registered.
Registered partnership has certain benefits over unregistered partnership.
Notarized partnership deed is unregistered, get it registered with registrar.
K.S.Srinivas
(Expert) 14 December 2015
Raise this query on WWW.CAclubindia.com
T. Kalaiselvan, Advocate
(Expert) 19 December 2015
I agree with the vies of experts, especially to that of expert Mr. Rajendra K Goyal. However you may discuss the issues with your auditor properly before venturing into the proposed project.
