flexibility
A Partnership Firm is one of the most convenient and cost-efficient ways of running a business with someone else. Best for professionals, small traders, and service providers, it allows two or more individuals to combine their efforts, resources to share profits. At Tax Shapers, we assist in drafting a clear and customized Partnership Deed, registering the firm, and handling the formalities — all while ensuring full legal compliance.
Whether you're a family business or launching with trusted associates, our team ensures your partnership is legally sound and structured for success. Enjoy flexibility, easy setup, and common ownership as you grow your venture.
A Partnership Firm is ideal for an entrepreneur who is not interested in getting started immediately; is seeking a fast, flexible, and cooperative approach to starting up; and is willing to reciprocate and divide gains.
Because of the low formality, the partnership can be established involving simple agreement and understanding between the partners.
Partnerships are also less regulated by filing requirements and formal procedures than companies.
Partners can divide duties and contribute capital, sharing the burden and rewards of business together.
Small partnership firms benefit from Audit exemptions as long as they do not breach specified level of turnover or income.
We guide you through a smooth registration process to legally establish your partnership with confidence and clarity.
We draft a valid and personalized agreement of roles, profit-sharing, and rules .
It is signed and notarized so that it becomes legally binding and enforceable.
We apply for a PAN Card to attach a tax identity to your firm for financial and legal purposes.
In case registration is required, we process submission of deed and papers with the local authority.
With the PAN and deed, we assist in opening a current account in your firm’s name for business transactions.
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Have questions about taxes, financial planning, or our services? You’re not alone! The lists of questions and answers are presented in a clear and concise manner to answer to the most common inquiries. So, here are some relevant tips and information for both those who are new to taxes and for business owners in need of professional help.
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