How to Register a Partnership Firm in Hyderabad Telangana

A partnership firm is a form of business entity where two or more persons agree to share the profits and losses of a common business. A partnership firm is easy to set up and operate, as it does not require any complex legal formalities or compliances. A partnership firm can be registered or unregistered, but it is advisable to register it to avail various benefits and avoid disputes.

If you want to start a partnership firm in Hyderabad, the capital city of Telangana, you need to follow the steps given below:

• Step 1: Choose a unique and suitable name for your partnership firm. You can check the availability of the name online through the e-Registration of Firms portal or offline through the District Registrar Office¹. You also need to prepare a partnership deed, which is a written agreement that defines the terms and conditions of the partnership, such as the name, address, objectives, capital, profit-sharing ratio, rights and duties of the partners, etc. You can use the model partnership deed provided by the portal² or consult a legal expert for guidance.
• Step 2: Apply for the registration of your partnership firm online through the e-Registration of Firms portal or offline through the District Registrar Office¹. You need to fill the online application form (Form I) and upload the required documents, such as the partnership deed, identity proof, address proof, etc. You also need to pay the registration fee, which is Rs. 200 for online registration and Rs. 500 for offline registration.
• Step 3: Wait for the verification and approval of your application by the District Registrar. You will receive an acknowledgment number and a reference number for tracking the status of your application. The District Registrar will verify the documents and the name of the partnership firm and issue a registration certificate within 15 days of the application.
• Step 4: Obtain the registration certificate from the District Registrar Office¹ or download it from the portal². You need to display the registration number and the logo of the partnership firm at a prominent place in your premises. You also need to open a bank account for the partnership firm and maintain proper accounts and records of the firm.

The registration of a partnership firm in Hyderabad Telangana is valid for a lifetime, unless cancelled or dissolved. You need to file annual returns and audited accounts of the partnership firm with the District Registrar within 60 days of the end of the financial year. You can also amend or cancel the registration of the partnership firm if there is any change or discontinuation in the partnership.

Registration of a partnership firm in Hyderabad Telangana is not only a legal requirement but also a business advantage. By registering a partnership firm, you can establish your identity and credibility in the market, protect your rights and interests, and avail various benefits and schemes offered by the government and other agencies, such as tax exemptions, loans, grants, etc.

If you need any assistance or guidance in registering a partnership firm in Hyderabad Telangana, you can contact Invention Tax Solutions, one of the leading partnership firm registration and consultation services in Hyderabad. Invention Tax Solutions has a team of experts who can help you with the entire process of partnership firm registration, modification, or cancellation. Invention Tax Solutions also offers other services such as company registration, trademark registration, GST registration, MSME registration, etc.

To know more about partnership firm registration and consultation in Hyderabad Telangana, visit Invention Tax Solutions website or call +91-7993132530. You can also fill the enquiry form on the website and get a free consultation from the Invention Tax Solutions experts. Invention Tax Solutions serves PAN India clients and has a 100% customer satisfaction rate.

Don’t wait any longer, register your partnership firm today and grow your business in Hyderabad Telangana with confidence and credibility. Invention Tax Solutions is your one-stop solution for all your partnership and legal needs. Contact Invention Tax Solutions now and get started!