How to Prepare Financial Statements for Year-End Closing
Preparing financial statements for year-end closing is not just an accounting task—it’s a financial health check for your business.
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Flexibility and
adaptability
Flexibility refers to the ability to adjust and modify
one's approach, behaviour, or plans in response
changing circumstances or demands
Market analysis
and research
Market analysis involves examining characteristics dynamics, and trends of a specific market. It helps determine the viability of a product
Customer care
and support
Customer support teams also interact customers but they are part of the larger customer service department to answer product-related
Our industries
Consulting help
The top choices for all your business needs
- Ability to grow operations, production, and services without compromising quality
- Clear and effective interactions with customers, stakeholders
and partners. - Unique selling proposition (USP) that differentiates the
business in the market.
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Partnership
Partnership Firm – Key Highlights
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A traditional business structure formed by two or more individuals agreeing to share profits and responsibilities.
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Governed by the Indian Partnership Act, 1932.
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A Partnership Deed is created outlining roles, profit-sharing ratio, capital contribution, and other mutual terms.
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Can be registered or unregistered; registration is recommended for better legal protection and dispute resolution.
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No minimum capital requirement; capital contribution is decided mutually.
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Suitable for small to medium-sized businesses with joint ownership and shared responsibilities.
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Easy to start and operate with minimal compliance requirements.
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Business does not have a separate legal identity; partners are personally liable for business obligations.
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Taxed as a separate entity; the firm files its own Income Tax Return.
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No statutory audit required unless turnover exceeds prescribed limits under the Income Tax Act.
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Annual compliance is minimal compared to companies or LLPs.
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Government and professional fees are relatively low, making it a cost-effective business model.
Our Services
Benefits That Make Partnership Effortless
Multiple Owners with Shared Control
Customised Partnership Deed Drafting
Registration with Legal Recognition
Suitable for SMEs and Traditional Businesses
Enables Current Account in Firm's Name
Access to Legal Remedies if Registered
Why Choose LEKHA JOKHA HUB
Legally Compliant Drafting
End-to-End Registration with State Registrar
Transparent Pricing
Assistance in PAN, GST & MSME Applications
Business Bank Account Setup Support
Fast Turnaround
Here step to your success
Empowering business achieve success.
Expertise & Integrity
With skilled professionals backing us, we ensure you get accurate, honest, intuitive tax and financial results you can trust us.
01
End-to-End Personalised Services
Our in-house, tailored method ensures seamless support at each phase of your financial lifecycle with tax planning, compliance, and advisory.
02
Client-Centric
We are always transparent, responsive, and relationship-oriented, bringing solutions that generate genuine results.
03
Our faq’s
What makes us
What makes us
stand from the rest
See what client ask
People always want know about common things about business consulting
Contact usA business entity owned and managed by two or more partners who share profits and responsibilities as per a written agreement.
No, but registered firms enjoy better legal protection and can enforce their rights in court.
Minimum 2; maximum 20 (10 in case of banking businesses).
A legal document outlining the terms, profit sharing ratio, duties, and responsibilities of each partner.
Yes, a PAN is issued in the firm's name for tax and banking purposes.
Generally takes 10-15 working days depending on jurisdiction and document accuracy.
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Success is never a solo journey—it’s a collective effort driven by teamwork,
collaboration, and shared vision. When we come together.