Partnership Firm Registration In Bihar

How to obtain Partnership Registration in Bihar?

Partnership registration is necessary when two or more parties or individuals come together and sign a formal agreement to operate a business and share both the profits and losses. All the partnership firms formed in India are registered under the Indian Partnership Act, 1932.

Earlier Partnership Registration in Bihar used to happen manually but now Partnership registration can be done online. IndiaFilings has helped thousands of applicants to successfully register their partnership firms. A team of incorporation experts guides you throughout the incorporation process and to add we also have compliance experts to help you with the post-incorporation compliances.

If you want to incorporate a partnership firm in Bihar it is first necessary to have a partnership deed that needs to be duly signed by the applicants (partners)

A partnership deed must contain the following documents:

  • Details of the partners
  • Nature of business
  • Working of business
  • Capital contribution
  • The ratio of profits to be shared.

List of documents required for Partnership Registration in Bihar:

To register a Partnership firm in Bihar following documents need to be submitted.

  • PAN Card
  • Aadhar Card
  • Driver’s License
  • Passport
  • Voter ID
  • Sale deed in case if the partner owns the place
  • Rental agreement copy if on rental basis
  • Latest electricity bill (Not Exceeding 3 months)

You can easily obtain Partnership firm registration in Bihar by speaking to our experts who will help guides to comply with all the necessary documents.

Partnership Firm Registration In Bihar FAQ's

How many people are required to register a partnership firm in Bihar?

A minimum of two members and a maximum of 20 partners are allowed to register a partnership firm in Bihar.

What is the amount of capital required to register a partnership in Bihar?

Partnership registration in Bihar can be done with any amount of capital there is no minimum requirement as such.

Can a partnership firm be converted into an LLP or Private Limited Company?

Yes, a partnership firm registered in Bihar can be converted into an LLP or a private limited company there is a specific procedure for the same.

How to open a bank account for a partnership firm?

The partners need to provide the partnership deed along with the identity proof and the address proof to open a bank account in the name of the partnership firm.

Is it necessary to get the partnership firm audited periodically?

There is no such requirement to carry on the financial audit of the partnership firm every year. Tax audit is also required in some cases.

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Last updated: May 23, 2023

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