For first-time entrepreneurs, except Company name In addition, there are many industrial and commercial terms that are not very familiar, especially the types of enterprises. Different types belong to different categories. So if you want to start a business, you'd better understand. What is a partnership?

Partnership is a type of enterprise. There are more than 10000 partnerships registered in Shanghai every year. Partnership refers to the organizational form of an enterprise established by natural persons, legal persons and other organizations, in which two or more natural persons jointly contribute to the operation, share profits and losses, and share risks by signing a partnership agreement.

At present, the form of partnership organization in China is limited to private enterprises. Generally, the partnership has no legal personality and does not pay income tax. The partnership is divided into general partnership and limited partnership.

Advantages of registered partnership:

1. Convenient and fast procedures;

2. There is no enterprise income tax, and individual income tax can be levied, so the comprehensive tax burden is low;

3. It is suitable for service industry with high gross profit rate.

4. After 2007, the legislation has been improved, the number of domestic registered companies has been increasing, and the social recognition is getting higher and higher;

Disadvantages of registered partnerships:

1. Investors are not as close as limited companies;

2. Unlimited liability in legal sense [Note]: limited partnership can be partially avoided;

3. Legislation is relatively late, and a small number of "Party A" are unwilling to cooperate with them commercially.

Which enterprises are suitable for partnership registration:

1. High turnover and simple shareholder structure;

2. High profits, high corporate income tax and personal income tax, tax sensitive.

Conditions, cycle and process of registered partnership:

1. The identity information of two or more persons shall be provided;

2. The partnership has always been a subscription system for registered capital. After the reform of the Company Law this year, the partnership has exactly the same process conditions as a limited company in terms of registration;

3. The registration process of the partnership enterprise is as follows: check the name, issue the original and duplicate of the business license, set of seals, open the basic account, verify the tax type and issue the invoice.

The above is the introduction of the advantages and disadvantages of the partnership. If there are more industrial and commercial information problems, Second Brother Help you answer them one by one.