Rohan (-) 01 December 2009
A relative of mine wants to start either a Sole Prop. Firm or a Partnership Firm. My request to law professionals is for a very brief outline of the steps reqd to bring into existence:
a) Sole Proprietorship Firm
b) Partnership Firm
I am a commerce student so i wud be able to understand the technical terms. So in depth details not reqd. But i request for the Broad Outline or a series of Steps.
Thanks a lot.
AJ ( ) 05 December 2009
Dear Rohan,
The requirements depends on the nature of activities proposed to be undertaken by the firm.
However as a basic requirement the following are essential:-
1. PAN card - in partnership, you need PAN card of firm & all partners.
2. Bank account in the name of the firm
3. In case of Partnership- A registred Deed.
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