Partnership Firm

A Partnership is a business structure in which two or more individuals 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. Partnership Registration is done through StartupEase LLP.

Choose Partnership because

• Partnership registration is very easy.
• Partnership registration is inexpensive as compared to LLP.
• It has minimum compliance requirement.

DOCUMENTS REQUIRED FOR PARTNERSHIP REGISTRATION?

• Copy of PAN Card of partners.
• Electricity Bill/ Water Bill (Business Place).
• Copy of Aadhaar Card/ Voter identity card.

WHY PARTNERSHIP REGISTRATION?

• Relatively Inexpensive.
• Minimal Compliances.
• Easy to establish.
• Audit not required.

MINIMUM REQUIREMENTS FOR PARTNERSHIP REGISTRATION

• Minimum 2 Partners.
• No fixed minimum Capital Requirement.

Society Registration

Procedure for Society Registration in India

A Society is a not-for-profit entity engaged in the promotion of charitable activities like education, art, religion, culture, music and sports, etc. A society is thus an association of persons determined to act jointly for some common purpose. In India, Societies Registration Act, 1860 lays down the procedure for registration of societies and the same has been adopted by State Governments with/without amendments. In this article, we look at the need and procedure for registering a Society.

Overview

A Society is an entity formed for the promotion of literature, science or the fine arts or the diffusion of useful knowledge/political education or for charitable purposes. As per the Societies Registration Act, 1860, a Society can be registered for the following purposes:

• Grant of charitable assistance
• Creation of military orphan funds

Promotion of:

• Science, Literature, Fine Arts
• Instruction or diffusion of useful knowledge, Diffusion of political education
• Foundation and maintenance of libraries or reading rooms
• Foundation and maintenance of public museum and galleries

In addition to the above purposes, based on the Societies Registration Act that is amended and implemented by the respective State Government, the purposes for which a Society can be registered in India may vary. A society can either be registered or unregistered. The registration of a Society gives the Society a legal status and is required for recognition of the society by legal authorities, obtaining income tax registrations, bank account opening and vesting of property.

Requirements for Society Registration

A Society can be registered for any of the above mentioned purposes that are not-for-profit by a minimum of seven or more persons. Besides individuals, a company or partnership firm or registered society or a foreigner may also be eligible to form a society by subscribing to the Memorandum of a Society.

The Memorandum of a Society or Memorandum of Association of a Society is a document which lays down the objects and permitted activities of the Society. The Memorandum of Association of a Society must contain the name of the society, objects of the society, details of the members of the governing body and registered office address.

DOCUMENTS REQUIRED FOR SOCIETY REGISTRATION

• Affidavit No. 1 regarding ownership and NOC for registered office of society
• Affidavit No. 2 regarding persons not related to each other and name of society
• ID Proofs of all the members
• Address Proof of all the members
• Electricity/ Water bill (Business Place)
• Copy of Property papers (If owned property)
• Landlord NOC (Format will be provided)