How do I register a partnership business in Ghana?
To register a partnership a copy of the partnership agreement and a statement signed by all the partners must be submitted to the Register General’s Department stating particulars of the name of the partnership, nature of business, address of the principal place of business, and all other places in Ghana.
How is a partnership registered?
Application to the Registrar of Firms in the prescribed form (Form A).
The duly signed copy of the Partnership Deed (which contains all the terms and conditions) must be filled with the registrar.
Deposit/pay the necessary fees and stamp duties.
How do I register my small business in Ghana?
Decide on a name.
Obtain Tax Identification Numbers for all participants.
Complete your RGD documents.
Pay your filing fees and capital duty.
File at the RGD.
What are the disadvantages of a partnership?
The disadvantages of the partnership include the fact that each owner or member is exposed to unlimited liability for their activities within the business, transferability can be difficult to achieve, and a partnership is unstable as it can automatically dissolve when just one partner no longer wants to participate.
What are the benefits of the registration of a partnership?
Gives partners the ability to file a case against third parties, and other partners.
Grants the power to claim set-off against any third-party claim.
It’s easier and faster to convert into any other business structure if the partnership is registered.