Startup Consulting
Association of Persons formation
Coming together with others for a shared project or venture? We draft the agreement for your Association of Persons (AOP), get its PAN and set up its tax compliance.
- Agreement setting out each member's share
- PAN applied for in the AOP's name
- Tax treatment explained clearly
- In-house team, never outsourced
- Handled or reviewed by CAs and CSs
- Data privacy first
On this page
An AOP is a group of people or entities who join for a common purpose to earn income, such as a joint venture. It's taxed as a separate unit.
Tsquare, a Coimbatore-based firm, handles AOP formation online for clients anywhere in India.
At a glance
- Who it's for
- People or entities joining for a venture
- What you get
- AOP agreement, PAN and bank account
- Where
- Income Tax and your bank
- Documents
- Members' PAN and ID
When is an AOP used?
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Joint ventures
Businesses coming together for a specific project or contract.
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Joint property ventures
Co-owners developing or managing property together.
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Groups earning together
People pooling resources for a shared income-earning activity.
What's included
- Advice on AOP versus partnership or company
- Drafting the AOP agreement
- Applying for the AOP's PAN
- Help opening the AOP's bank account
- Explaining how the AOP and members are taxed
Not included
- Stamp duty, if any
- Tax returns for the AOP (a separate service)
How it works with us
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Tell us about the venture
Share who's involved and what each contributes.
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We draft the agreement
We set out shares, roles and how income is divided.
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We apply for the PAN
We apply for the AOP's PAN.
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You open the bank account
We help with the bank's paperwork.
Why document the AOP properly?
- A clear agreement avoids disputes between members.
- Correct tax treatment depends on how shares are defined.
- Banks and tax authorities need clear records.
Good to know
Why choose Tsquare?
Tsquare Professionals is a Coimbatore-based firm that helps clients across India with AOP formation and taxation. Everything happens online, so it works the same wherever you are.
- An in-house team handles your work. It is never outsourced.
- Chartered Accountants and Company Secretaries handle or review every filing.
- Your documents stay private and are used only for your work.
- One point of contact who knows your business, from start to finish.
Planning a joint venture?
We'll help you choose the right structure and document it.
Prefer to talk?
Leave your name and number and our team will call you back.
FAQ's on Association of Persons formation
No. An AOP is a broader grouping for a common purpose and is taxed differently. We explain which suits your venture.
There's no formal registration, but it needs an agreement, a PAN and a bank account to operate.
As a separate unit, with rules depending on whether members' shares are defined. We explain how it applies to you.
Yes. Members can be individuals or entities.