What will be the legal procedure to set up a coaching center in a partnership model?

This query is : Resolved 
 

(Querist)
30 March 2012

What will be the legal procedure to set up a coaching center in a partnership model? Kindly note we 3 to 4 friends are willing to start off a coaching center in partnership form. We all are student & will open the coaching centre in one of us resident. Kindly guide us.


To activate Click to Talk, e-mail at lciconnect@lawyersclubindia.com 



V R SHROFF (Expert)
30 March 2012

Only adult, above 18 yrs, can join in partnership firm, Any Local Adv will do it for you, Terms & conditions you decide, with your invesment & Profit sharing, regs firm, take license from local body, open bank a/c Start it.

Ishika Ray (Querist)
30 March 2012

Thank u Sir,

I'm 21 yrs, as per my understanding I have to take trade license from a local body & open a n a/c & get pan card in the name of coachin centre. Agreement related to terms & condition & investment will be signed by us [partners] in a legal paper. Please confirm & also let me know whether any other documentation related to tax will be there or not?

V R SHROFF (Expert)
30 March 2012

partnership deed , be signed by all partners & get it registered.

Adv.R.P.Chugh (Expert)
30 March 2012

The Partnership firm (registered) is a legal person for the purposes of taxation - and would be assessed as such. The PAN Card in name of firm would take care of that. Make sure you get Partnership Deed registered.

raj kumar makkad (Expert)
30 March 2012

You do not require more documents than already discussed.

Ishika Ray (Querist)
31 March 2012

Thanks a lot for all of yours advice.


Better hire services of a professional to get appropriate help for drafting and registration of partnership deed after due discussion on pros & cons and other details of the constitution.



You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :









×

  LAWyersclubindia Menu

web analytics