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Registering a business- in case of Sole Proprietorship and/or Partnership firms

Other than Private and Public Companies, there are Sole Proprietorship and Partnership firms as well.

 Procedure to register a Sole Proprietorship firm:

For Sole Proprietorship, there is no mandated rule as such but the owner may be required to attain a license specific to the mode of business from local administration.

Procedure to register a Partnership firm:

  • The registration of this firm falls under the Indian Partnership Act of 1932. Under Section 58 of this Act, a firm can get registered at anytime by filing an application with the Registrar of Firms of the particular area where the firm is situated.
  • The application should firmly contain-
  • Name of the firm
  • Location of the business
  • Names of any other locations if the firm does business
  • Date of each partner’s joining
  • Name and full address of the partners
  • Duration of the firm
  • The application should be duly signed by all the partners or their authorised agents.
  • Proof of payment of fee
  • Documents that would be needed are-
  • Prescribed Registration Form for Incorporation of a Company which would include Form No.1 and Specimen of Affidavit.
  • Ownership proof of the main place of business.

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