A Partnership is a business structure in which two or more individuals/Firm/Company manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership registration is relatively easy and is prevalent among small and medium-sized businesses in the unorganized sectors.
For Partnership Registration, you must agree on a firm name and then establish a partnership deed. It is a document stating the respective rights and obligations of the partners and to be valid it should be written and not oral. The terms of the Partnership Deed can be varied to suit the interests of the partners and can even be made contrary to the Indian Partnership Act, 1932 but if the Partnership Deed is silent on any point, then the provisions of the Act would apply.
Choose Partnership because
Partnership registration is very easy.
Partnership registration is inexpensive as compared to LLP.
It has minimum compliance requirement.
Documents For GST Registration of Partnership Firm
PAN card of Partnership Firm
PAN card, aadhaar card, and a photograph of all Partners
Bank account details- a copy of canceled cheque or bank statement of current Account and all Partners Saving Accounts
letter of authorization
In case of LLP Copy of board resolution, Registration Certificate of the LLP Proof of appointment of authorized signatory letter of authorization
Address proof of office
Own office Copy of electricity bill/property tax receipt
Rented office Rent agreement/Lease Deed and No objection certificate (NOC) from the owner