Hi, I m new to busineess.
CAn anyone please help me out with the necessary information required for starting a business in Partnership.
To reply click following link
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chirstopher (SME) 15 March 2011
Hi, I m new to busineess.
CAn anyone please help me out with the necessary information required for starting a business in Partnership.
To reply click following link
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Nagaraja B S (Corporate Commercial & IP Lawyer) 15 March 2011
Dear Christopher,
You can go for three of business in partnership
1) Private Limited Company
2) Limited Limited Partnership Company
3) Partnership Deed (Partnership Agreement)
If you need further details, feel free to Contact
Thanks
Nagaraj
Trademark Attorney & IP Lawyer
IP Lex Global Services
Email: nagaraja_bs@iplexglobal.in
Mob: 9902007635
Yudhist (Legal Consultant) 03 May 2011
Further to Mr. Nagaraja'a options for starting a business above kindly note that there is a new form of business entity know as Limited Liability Partnership (LLP) which maybe also formed. This has the benefits of limiting liability while the simple procedure of setting up and maintaining as usually found in a partnership.
A partnership need not be registered as per provisions of Indian Partnership Act,1932.However, If it is not registered,it has no legal right to sue anyone.
You need to get an agreement of Partnership executed by Partners in order to get it registered.Then contact your local registrar of companies office for further formalities.