Open firm

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alpesh (Querist)
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25 November 2016 dear sir which documents required for open new partnership firm.and give me how much capital should be brought by partner.

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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25 November 2016 To open a new partnership firm minimum 2 partners are required and 1st you have to prepare a partnership deed on the Stamp Paper (Stamp Paper value based on the State in which the partnership is registered). Partnership Deed contains the details about the partnership, capital, remuneration and other clauses. After preparing for Partnership deed you can apply for PAN and open Bank Account

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CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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25 November 2016 Regarding capital it is the choice of the partners how much to invest.

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alpesh

alpesh (Querist)
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26 November 2016 dear sir 1 parnter retire in this case revised partnership deep should be done...whether import export business can done in partnership..

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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26 November 2016 After retirement of 1 partner minimum 2 partners should be there. For Retiring a partner Retirement Deed has to be prepared on Stamp Paper. Import Export business can be done is partnership. You need to obtain Import Export Code after forming the Partnership to do import export business in partnership.

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