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Explore A to Z of Partnership Firm | Registration, Compliances, Partnership deed | Business Basics #3 with 476,917 views, 12,465 likes, and 376 comments. Experience the impact of this video content that has captured audience attention.

Business Basics Full Playlist: https://www.youtube.com/watch?v=u5hJxM2Cjic&list=PL9DpKzAHkdgqw3zY5raSGRMYgsWNQ-UNk&pp=gAQB A to Z of PF Compliances Course: https://link.lla.in/courses Start investing with the BEST Demat Account: https://link.lla.in/demat Note: QuickPayroll app has been shutdown due to some technical issues ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ In this episode of Business Basics, I sit down with CA Anoop Bhatia to decode everything you need to know about Partnership Firms—from formation and registration to taxation, capital rules, and dissolution. If you're planning to start a business with a partner, this episode is a must-watch! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Important links:- e-invoice tool by ClearTax-https://cleartax.in/s/e-invoicing-enterprise-software GST software by ClearTax- https://cleartax.in/gst ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Chapters:- 00:00 Introduction 02:01 How do you form a Partnership Firm? 02:29 Who can become a partner in a partnership firm? 03:29 What’s the maximum number of partners allowed? 03:40 How do you choose a name for the firm? 04:39 What is a Partnership Deed and why is it essential? 05:51 What’s the difference between registered and unregistered firms? 07:03 What documents are needed to register a firm? 08:07 What are the benefits of registering your firm? 09:26 How do you apply for a PAN card for the firm? 10:15 How do you open a bank account in the firm’s name? 11:19 What is Capitalization in a partnership firm? 12:39 Can partners give loans to their own firm? 13:15 Can a firm pay interest to its partners? 14:30 How do you withdraw money from the firm? 15:20 How is salary/remuneration calculated under Section 40? 17:41 Is profit share in the firm taxable? 18:48 How to alter or update the Partnership Deed? 20:22 What are the compliance requirements for a partnership firm? 23:16 What are the Income Tax benefits for Partnership Firms? 24:42 When is Tax Audit required for a firm? 25:35 When does a firm need GST registration? 26:21 When do ESI & PF compliances apply? 27:19 What is the QuickPayroll app and how does it help? 27:23 How can you close a partnership firm? 28:10 End Note! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Video Credits:- Guest: CA Anoop Bhatia [@CAAnoopBhatia ] Presented by: Jagruk RJ Research by: Rishabh Jain Edited by: Prince Sogani Gear We Use: https://link.lla.in/gear ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Learn with LLA:- Best Courses: https://link.lla.in/courses Best Masterclasses: https://link.lla.in/masterclasses Books We Recommend: https://link.lla.in/books ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Earn & Invest with LLA:- BEST Demat Account: https://link.lla.in/demat Get Instant loan Against Mutual Funds: https://creditcase.onelink.me/eLbF/lla BEST Term Insurance: https://term.lla.in/ BEST Health Insurance: https://health.lla.in/ Get Your Vehicle Insured: https://link.lla.in/vehicle ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Follow us on Socials: https://link.lla.in/connect FREE Calculator & Resources: https://downloads.lla.in/ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ #LLA #businessBasics #Partnershipfirm

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