V & V Associates
A partnership is a popular choice for small co-owned businesses. We draft comprehensive Partnership Deeds covering profit sharing, capital contributions, and registration with local Registrars of Firms.
Please prepare digital copies of the following before scheduling your application filing:
Draft the deed outlining terms, roles, and profit sharing.
Execute the deed on appropriate stamp paper.
Submit registration application to local RoF.
Obtain PAN card in the firm's name.
No, but unregistered firms cannot sue third parties in courts to enforce contract rights.
Partnership firms are taxed at a flat rate of 30% on taxable income, plus applicable surcharge and education cess.
All consult files, registration books, and audit registers shared with V and V Association are kept strictly confidential under advocate-client privilege guidelines.