What are the documents required to start a Partnership firm?

To start a partnership firm, the following documents are typically required:

Partnership Deed: A legal document outlining the terms and conditions of the partnership, including profit-sharing ratio, responsibilities, and dispute resolution.

Identity Proof: Photocopies of identity proof (Aadhaar card, Passport, Voter ID, etc.) of all partners.

Address Proof: Proof of address (utility bill, bank statement, rent agreement, etc.) of the business location and partners.

PAN Card: Permanent Account Number (PAN) card of all partners and the firm.

Business Name and Registration: A proposed business name, which should be unique, and registration under the relevant authorities, such as the Registrar of Firms.

Bank Account: Opening a bank account in the name of the partnership firm is essential for financial transactions.

GST Registration: If applicable, GST registration based on the firm's turnover.

These documents ensure that the partnership firm is legally recognized and compliant with the regulations.