A to Z of Partnership Firm | Registration, Compliances, Partnership deed | Business Basics #3

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Labour Law Advisor

Labour Law Advisor

Күн бұрын

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Are you planning to start a new partnership firm? This comprehensive video will guide you through the process and highlight the essential documents and prerequisites you need to be aware of.
Starting a partnership firm involves several legal and procedural steps. In this video, we will cover the key aspects you must consider before starting this business venture.
This video will provide a step-by-step guide on how to start a partnership firm.
Chapters:
00:00 Introduction to partnership
02:03 Partnership Firm Kaise Bayne?
02:28 Who can become a partner?
03:27 Number of Partners?
03:45 How to decide on Firm Name
04:41 How to make Partnership Deed
07:07 Documents Required for Partnership firm
08:10 Registered vs unregistered partnership
11:26 Capitalization of partnership firm
14:30 Taking Money Out of partnership firm
17:47 Profit share of partnership firm
18:51 How to Alter Partnership Deed?
20:27 Compliances for partnership firm
27:21 Dissolution of partnership firm
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Business Basic Episode #01 | Which business entity to choose? : • How to start a Busines...
Business Basic Episode #02 | Proprietorship: • Proprietorship Firm Fu...
Business Basic Episode #03 | Partnership: • A to Z of Partnership ...
Business Basic Episode #04 | HUF: • Save 2x Tax with HUF |...
Business Basic Episode #05 | Pvt. Ltd.: • PVT LTD Anoop Bhatia
Business Basic Episode #06 | OPC: • Is "One Person Company...
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#LLA #businessBasics #Partnershipfirm

Пікірлер: 321
@LabourLawAdvisor
@LabourLawAdvisor 3 жыл бұрын
Hax to Save Tax: www.taxplanningforsalariedemployees.com 💸DEMAT Account: link.lla.in/Demat File ITR: link.lla.in/Tax
@nikhildureja2488
@nikhildureja2488 3 жыл бұрын
I am asking out of the video question but main apki rti pe video dekhi ..mujhe huda department ko rti likhni hai to us video main apne wo passport ke liye rti lagayi to main uski acc likh sakta hu?
@nikhildureja2488
@nikhildureja2488 3 жыл бұрын
Plsss help and guide me ...I will be so thankful to you
@mirzaumar6858
@mirzaumar6858 2 жыл бұрын
Could you tell me how unregister partnership firm apply for PAN
@rasheedquerishe
@rasheedquerishe 2 жыл бұрын
@@mirzaumar6858 with the help of shop and established act certificate you can apply for PAN card
@chennabharghavkumar8671
@chennabharghavkumar8671 2 ай бұрын
I'm an employee of a MNC company. Can I be as a silent partner in a partnership firm?
@successfulmanifester_2229
@successfulmanifester_2229 5 ай бұрын
Millions of trillions of thanks to you man ... For last 2-3 months I was meeting people to get the answers but got right answers here on your channel only.
@darshanparikh4136
@darshanparikh4136 3 жыл бұрын
Need to correct on a point No. Of partners 10 and 20 criteria is old one and new one is 50 for any business. No. of partners is given in Companies act and not in partnership act
@raghavkapoor5663
@raghavkapoor5663 3 жыл бұрын
As per Section 464 of Companies Act, 2013; read along with Rule 10 of Companies (Miscellaneous) Rules 2014, the maximum number of partners in a partnership firm can be 50.
@saubhagyasaxena8770
@saubhagyasaxena8770 Жыл бұрын
Act mein 100 hai rule mein 50 to act prevail krega to 50 nhi 100 hoga
@nexterplayz882
@nexterplayz882 Жыл бұрын
​@@saubhagyasaxena8770 nhi bhai 50 hoga
@mulrajpatel180
@mulrajpatel180 Жыл бұрын
Partnership firm me companies act kaha se aa gaya ?
@roeydaz
@roeydaz 11 ай бұрын
My son is due to enter into a partner ship and my CA explained this to me yesterday, but now thanks to your video lesson it is crystal clear. Thank you sir.
@anandpawar8706
@anandpawar8706 Жыл бұрын
Aap log bahut achha kam kar rahe h,main thodi der pahle mandeep ki video dekhi ab aapki,paisa to hr koi kama hi leta h pr aap ek tarah ka paropkar kr rahe,meri aapki team ko shubhkamnaye,jay hind
@ashwin0985
@ashwin0985 2 жыл бұрын
Very Good Information Sir, I found it very Educational & informative.
@Jungkook_BTS__
@Jungkook_BTS__ 2 жыл бұрын
It was seriously Great...thanku so much sir...u doing great work 💜💐
@ananygoel1703
@ananygoel1703 3 жыл бұрын
Gst is mandatory for making inter state sales even when turnover kimit is not reached... and also if we take services mandatory under reverse charge
@Adityasingh-vm6xc
@Adityasingh-vm6xc 3 жыл бұрын
LLP and Pvt very nice video best video I understood everything 🙏🙏👍👍👍
@ps.15_
@ps.15_ 3 жыл бұрын
As a company secretary student It is very easy to understand 😃
@Bhawana_Gourisariya
@Bhawana_Gourisariya 3 жыл бұрын
Yehh...Same here...🤘😎
@ps.15_
@ps.15_ 3 жыл бұрын
@@Bhawana_Gourisariya are you in executive level
@Bhawana_Gourisariya
@Bhawana_Gourisariya 3 жыл бұрын
@@ps.15_ ..yes
@ShubhamSharma-zj2fw
@ShubhamSharma-zj2fw 3 жыл бұрын
Exactly 😅
@ps.15_
@ps.15_ 3 жыл бұрын
@@ShubhamSharma-zj2fw Cs rocks😎
@dpcreations5881
@dpcreations5881 2 жыл бұрын
Sir best ever channel I see in my life Tq soo much sir
@vishalmaheta7708
@vishalmaheta7708 3 жыл бұрын
Plz, make your next video on Provide information about the *trust for school*. very informative and interesting. please please HIGHLY Request Thank you Rishabh Sir🙏🙏, Anup Sir 🙏🏻🙏🏻 , and your Team
@mukeshmanori7935
@mukeshmanori7935 3 жыл бұрын
Superb superb explanation.... Thanks👌👌
@accountanttraining.3071
@accountanttraining.3071 Жыл бұрын
What a Video sir, 🤩🤩 Thankyou soo much🙏 You clear my all doubt
@amankumarsha8936
@amankumarsha8936 2 жыл бұрын
wowwwww that was unexpecting bhut acha laga aaplo ka song ,🤗🤗🤗🤗🤗
@bhnuc
@bhnuc 3 жыл бұрын
Aur to sab badiya tha par RAP to dil hi le gaya.😎
@babyshachobe7632
@babyshachobe7632 Жыл бұрын
Thank you sir for giving valuable information 🙏🙏
@Rohit_Raut1
@Rohit_Raut1 Жыл бұрын
Thanks for Rap, it was epic enough 😂😂 I was feeling sleepy orr videos dekhte dekhte
@deepakpeety1773
@deepakpeety1773 2 жыл бұрын
Thanks, this was helpful... Need some more clarity on cash transactions i.e. Sec 44AD; didn't understand that 6/8% slabs. Would you pls elaborate on this or direct me to links where i can get this info?
@Creative_Gourav
@Creative_Gourav 2 жыл бұрын
thank you sir for making this video 🙏🏻🙏🏻🙏🏻🙏🏻
@TheRepublicPress
@TheRepublicPress Жыл бұрын
Very good and useful information. Sir, please also make comprehensive video on Section 8, of Company Act.
@SameerAnsari-gh9sh
@SameerAnsari-gh9sh Жыл бұрын
Video part me bat diya hai, Very Nice.
@SagMahajan
@SagMahajan Жыл бұрын
Most comprehensive video found on this topic, have you made the video for dedicated for LLP later?
@ShahzadKhan-qk2nn
@ShahzadKhan-qk2nn 2 жыл бұрын
Well explained. Very good video
@pravinchoudhari4782
@pravinchoudhari4782 3 жыл бұрын
Excellent sir very knowledge video
@RahulKaveeshwar
@RahulKaveeshwar 2 жыл бұрын
after an active partners demise when adding another working partner based on goodwill to run the show how should one execute this smartly when the business is of silent partner and HUF?
@Avadhesh95
@Avadhesh95 3 жыл бұрын
Both partners are equal in llp or one can avail more benefit like becoming a director?
@arpitsharma009
@arpitsharma009 2 жыл бұрын
Bhai Very Nice Information, Can 2 People Make Partnership Deed in Audio Or Video Conference. Each Side (entity) will keep a Copy of recording for there reference Anytime. Can All Discussions recording kept by both sides can be Considered as Legal if they declare it in their Firm's official Documents keeping Recording in CD/DVD signed by all Partners in their Office in a Locked Case having two keys(both required to open it). Please check and Reply
@nishant205
@nishant205 Жыл бұрын
What are the steps to modify partners profit sharing ratio. Can it be done anytime during the year or at the starting of financial year
@shekhjamsherali7486
@shekhjamsherali7486 2 жыл бұрын
Bhai Song kya jordar hai... Bantai diiss Karega 😀😀😀
@sunilgavade6580
@sunilgavade6580 9 ай бұрын
For initial start-up going for Private Limited Company (PLC) or Partnership Firm is good ? Looking for your valuable inputs
@pareshmetaliya6214
@pareshmetaliya6214 2 жыл бұрын
Please one video on compare between partnership firm vs proprietor with respect to tax based
@AnuragYadav-tz1fz
@AnuragYadav-tz1fz 3 жыл бұрын
Thank you ☺️☺️☺️
@madhanv2120
@madhanv2120 3 жыл бұрын
If it’s unregistered then u/s40(b),intrest salary bouns commission disallowed….there is a distinction in eyes of income tax act 1962
@priyanshukhare6652
@priyanshukhare6652 2 жыл бұрын
Intro rap song was literally amazing 🤩
@mohammadzafar1536
@mohammadzafar1536 2 жыл бұрын
Sir kya pesticide aur seed ka bade paimane ya wholesale ka kaam karne ke liye partnership firm ka registration kara sakte hain? Jabki agriculture department license sirf us ek person ke naam issue karta hai
@Palrajeev25
@Palrajeev25 Жыл бұрын
Plz provide the link for the next lecture of this series ie how to incorporate llp
@sehrawat24
@sehrawat24 2 жыл бұрын
Superb video 👌👌
@art4u509
@art4u509 2 жыл бұрын
Intro katai zahr
@rupaljain27
@rupaljain27 11 ай бұрын
Doesn't GST help in getting tax credit back on assets like car, laptop,etc?
@akshayraju6235
@akshayraju6235 3 жыл бұрын
Super do vedios on how to start all types of business firm mean each procedures
@apoemadaywithkk4660
@apoemadaywithkk4660 2 жыл бұрын
If I go for sole proprietorship, but want to show a team on my website, does that work?
@DemonBaba
@DemonBaba 2 жыл бұрын
Great i just want to know kya partnershipfirm ko trading and investing ke liye use kar sakte hai like I'm trader and investors but for huge volume trading my CA told me to get corporate accounts and trade over their if you want to trade in crores now I'm confuse in partnership firm , corporate accounts / company
@kailashbhardwaj3278
@kailashbhardwaj3278 2 жыл бұрын
वेरी यूजफुल वीडियो सर
@khetibadi2024
@khetibadi2024 Жыл бұрын
thank you for nice informaton. I have a question regarding prop and partnership firm. Can a person who is neither in a government job nor in a private job but availing salary from a Research project or working as a researcher in an institutional research project?
@YouAndImpact
@YouAndImpact 3 жыл бұрын
Nice video 👌
@MohammedRiyaz3143
@MohammedRiyaz3143 Жыл бұрын
Thnk u so much for this video. I want to ask u here First it was partnership firm after disputes one partner left and now there is only one person. So now I want to change ith constitution from partnership to proprietorship need to change PAN also.
@somashankarmaradimani8333
@somashankarmaradimani8333 3 ай бұрын
Wow, Easiest Explanation 😀
@pravaratechnical761
@pravaratechnical761 6 ай бұрын
Super information thanks LLA
@viveksinha5597
@viveksinha5597 3 жыл бұрын
How to exit partnership firm if the other partners not mutually agreeing and there is nothing specific mentioned in the deed about exit??? There is some dispute between the partners and one partner doesn't want to continue. How to exit?? Please help sir.
@sumitism
@sumitism Жыл бұрын
5:42 I cannot find Sample Partnership Deed in description! Please help
@sunilgavade6580
@sunilgavade6580 Жыл бұрын
Informative video and initial requirements very well explained Once they settled both the partner then go for Private Limited GST is mandatory for 20 lacs for Services GST is mandatory for 40 lacs for manufacturing GST is mandatory for what is the limits lacs for Trading or Merchandising
@vishnuprasadreddyeng
@vishnuprasadreddyeng 9 ай бұрын
trading is considered as service-based business.
@sunilgavade6580
@sunilgavade6580 9 ай бұрын
@@vishnuprasadreddyeng Praman Ji and Thanks for replying.
@Sharma-hd4gm
@Sharma-hd4gm 2 жыл бұрын
Superb video
@alauddinfirdus
@alauddinfirdus 2 жыл бұрын
Rishabh Sir. I would like to know about LLP for startup. A-Z of LLP. It would be benefited large.
@anubhavhire9690
@anubhavhire9690 5 ай бұрын
@LabourLawAdvisor Thank you making this amazing video! I have a basic question: Suppose A & B are 50-50% partners in a firm XYZ So A & B can claim salary and profit both in their own firm? Also the tax paid by A & B are only on the salary and not the the profit share? Is this correct?
@garrysingh3337
@garrysingh3337 Ай бұрын
For multiple different business like making videos for social media platform on food, travel etc. AND digital services like web designing and web development; do we need to make separate firms? separate proprietorships, separate partnerships?
@yogeshgoyal7114
@yogeshgoyal7114 2 жыл бұрын
Best information
@paraharsh20
@paraharsh20 3 жыл бұрын
Superbbb
@traveller_dilse
@traveller_dilse Жыл бұрын
Mera gst already hai agar Mera turnover 20 lac se Jada nahi Hai to mujhe Nil return file karne se hoga kya pls reply
@risabh_01
@risabh_01 2 жыл бұрын
I have a query , I have already two Proprietorship firm registered under my name and my sister who is willing to be my partner under a XYZ Company, so is it possible to open a partnership firm and carry all the 3 different business separately and file the tax to the government. Please show some light to me
@himanshupawar2610
@himanshupawar2610 Жыл бұрын
If I want to close my partnership firm how can I do that?
@mirzaumar6858
@mirzaumar6858 2 жыл бұрын
Could you tell, how unregister partnership firm apply for PAN
@aavesh.bagwan
@aavesh.bagwan 9 ай бұрын
What a video ❤️🤩
@EntertainerShreyans
@EntertainerShreyans 2 жыл бұрын
What Licence to be take in partnership firm for raising funds from public @ 7-8% returns and investment those in shares and mutual funds as well as giving loan to any one else in the market, where I will get 12-15% returns
@nutsnuts8652
@nutsnuts8652 10 ай бұрын
Can soleproprieter b converted into partnership or partnership firm converted to sole proprietorship???plz elaborate
@prameetraghuwanshi497
@prameetraghuwanshi497 3 жыл бұрын
Can you share one for PVT. LTD also ?
@niravrko2
@niravrko2 2 жыл бұрын
Great video, I have one query, can LLP give Interest on capital and Profit share (tax free in hands of partners) as a partnership firm?
@amanagarwal4360
@amanagarwal4360 Жыл бұрын
Yes....LLP can give interest on capital and can claim deduction for it....but no interest on profits.
@vikasjain5808
@vikasjain5808 5 ай бұрын
Hi, I want to know if I notarized a partnership deed in other state and my firm will start working in other state. Is it possible??
@aniruddhaaarbatti7688
@aniruddhaaarbatti7688 Жыл бұрын
Hi sir, Currently I am running business in proprietorship with GST registration. And if I want to switch it in partnership firm what should I do. Thanks.
@manass3801
@manass3801 Жыл бұрын
Sir I have a question about how to register a Indie gamming company and which type to choose from??
@DemonBaba
@DemonBaba 2 жыл бұрын
Can u make video on those who want to trading in huge volumes and heavy portfolio and portfolio management services , private equity firm and assets management thanks
@UnscriptedAkash
@UnscriptedAkash 5 ай бұрын
Kya mai proprietorship firm ke end mai "Inc." Suffix add kr skte hai?
@AshishVerma-ii6kf
@AshishVerma-ii6kf 2 ай бұрын
Thanku sir
@DeepakVerma-oh1ki
@DeepakVerma-oh1ki Жыл бұрын
Sir,merit partnership firm he,and Hum new 1996 men partnership registration form A & B certificate kiya Hua he jo ki manual he,kaya co taan bhi valid he? Kaya phir se lene li jaroorat to nahi ? Please guide kar dijiye.thanks
@taniskanand9545
@taniskanand9545 2 жыл бұрын
VERY NICE VIDEO
@MyFamilyVideoBuniadpur
@MyFamilyVideoBuniadpur Жыл бұрын
Resp sir/madam, I don't have password for login to site of registration of partnership firm. I have user ID but don't have password and there is no any option like forget password/reset password. How can I get my password please help me...
@SantoshKumar-iz4kc
@SantoshKumar-iz4kc 4 ай бұрын
Sir proprietor ship firm ka proprietor apana alag se bhi return file Kar Sakata hain kya investment ka
@TheInfographicsHub
@TheInfographicsHub 2 жыл бұрын
There is no sample of partnership deed format? Can you please add?
@amr35h
@amr35h 3 жыл бұрын
Make video on how to move partnership firm into Pvt Ltd or LLP
@Hashim_Ahmed
@Hashim_Ahmed Жыл бұрын
Only msme certificate enough for partnership firm ? Or I need to register separately somewhere
@dsanrame268
@dsanrame268 2 жыл бұрын
can father and son open partnership firm......?? actually I want to do business on my father premises which is on Pagdi system...so that premises occupier is my father...for saving transfer fees to Landlord i want to open partnership firm with my father in profit sharing ratio 90 :10....is it okay to do that......??
@RituRaj-yj2tg
@RituRaj-yj2tg 3 жыл бұрын
Do more videos on business ideas, franchiese,2nd income source and online business on flipkart amazon etc😉
@good2food
@good2food 3 жыл бұрын
Super Cool Content Make More Further!!!❤️
@kamilsiddiqui7278
@kamilsiddiqui7278 3 жыл бұрын
Thank you Rishabh Sir,🙏🙏 Also, please suggest how to register consultancy firm..? If you have, please share link..🙏👍
@avinashebizfiling1988
@avinashebizfiling1988 3 жыл бұрын
Feel free to stalk us here - Call: +91 9643203209
@AyeshaKhan-nr1sf
@AyeshaKhan-nr1sf 11 ай бұрын
I'm starting a poultry farm and doing tie up as contract farming with company and will give our service where expected income is around 40 lakhs annual so should I start as proprietor or partnership, please confirm
@divyanshugupta37
@divyanshugupta37 5 ай бұрын
Hello team LLA, thanks for putting out this series. I wanted to know if I am living with my parents in the house jointly owned by them then we my father creates his HUF, and if my partnership firm with my mother can come in agreement with each other i.e. can our partnership firm give rent to my father's HUF? would appreciate a reply. Thanks
@snehasishghosh7039
@snehasishghosh7039 Жыл бұрын
Is it possible to form a partnership firm without any capital of the partners?
@sanjitraj6062
@sanjitraj6062 2 жыл бұрын
Rap was awesome
@avijitmajhi6821
@avijitmajhi6821 3 жыл бұрын
Hlw Sir, I want to start my manpower recruitment agency. So which entity is good for me. I want to run my business for long term.
@jaiveer9306
@jaiveer9306 3 жыл бұрын
Ok thanks
@infoentertainment2343
@infoentertainment2343 Жыл бұрын
Thanks Sir
@amitagarwal5949
@amitagarwal5949 2 жыл бұрын
8:50 register kitne time me krana hota hai Partnership firm banne ke 2 sal baad bhi register kra sakte hai kya
@Daily_Devotion777
@Daily_Devotion777 3 жыл бұрын
Is it mandatory to register Partnership firm deed in case to Register/Trademark firm Name or Logo or for FSSAI license?
@LabourLawAdvisor
@LabourLawAdvisor 3 жыл бұрын
No
@SSBTECH670
@SSBTECH670 Жыл бұрын
sir without GST number k other states m product ko sell kar sakte hai.
@aksingh1180
@aksingh1180 3 жыл бұрын
Thanks sir, EPF par vedio banao kaise withdraw kar sakte hai ,kaise hum apna mobile number change kar sakte in EPF ACCOUNT me Kitne ways se hum kar sakte epf withdraw offline or online,pura prosses btana
@travelwithjatin2709
@travelwithjatin2709 7 ай бұрын
Partnership firm company open kiya ho to kya bank "Business Loan" ke ready hoga Process kya rahega?
@indiananimewatcher2493
@indiananimewatcher2493 2 жыл бұрын
Sir please discuss tax holiday in startups
@mulrajpatel180
@mulrajpatel180 Жыл бұрын
Can partnership firm have different address like company ? Place of business is different and registered office is different
@problopper
@problopper Жыл бұрын
Can Anyone explain if paidup capital is required to open a partnership firm
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