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Partnership Firm Registration In Maharashtra FAQ's
A minimum of two members and a maximum of 20 partners are allowed to register a partnership firm in Maharashtra.
Partnership registration in Maharashtra can be done with any amount of capital there is no minimum requirement as such.
Yes, a partnership firm registered in Maharashtra can be converted into an LLP or a private limited company there is a specific procedure for the same.
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.
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.