Register Firm online in India

Partnership Firm Registration

A partnership firm is one of the most important forms of a business organization. It is a popular form of business structure in India. A minimum of two persons are required to establish a partnership firm. 

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Why Partnership Firm ?

Why Should You Register a Partnership firm?

Shared Responsibilities

The word Partnership itself describes individuals coming together for some common business object. The partners share the responsibility to work and manage the business together. Responsibilities for a particular field or task can be assigned to one or more partners by indicating the same in a Partnership Deed.

Operating Flexibility

A Partnership firm is operated on the basis of the Partnership deed executed by the partners, mutually. The partners can decide how to operate the business with their mutual consent. Also, the Partnership Deed can be changed according to the requirement even after partnership deed registration is completed. There are no limitations or restrictions on the partners in regards to running the business, as long as it is covered under the signed agreement.

Pre-defined Object or Period

At the time of registering a Partnership firm, the deed enumerates the pre-defined business objectives and activities, which is the main aim to commence business. A partnership can be formed within a specified period or to complete a specific project or object. Once the same is completed, the partnership will automatically stand dissolved.

Various Financial Returns to the Partners

Partners involved with the firm get various types of returns for their capital as well as their individual efforts. The working partner also receives remuneration in addition to the interest on capital and share of profit, as may be agreed by the partners. Also, the share of profit from partnership firm is exempt for the partner receiving it. Capitalists, Private Equity Firms, and HNIs choose to invest in private limited companies.

Online Partnership firm Registration in Three Easy Steps!

  • Discussion and collection of basic Information
  • Providing Required Documents for Partnership firm registration
  • Drafting a Partnership Deed
  • Review and confirmation from Partners
  • Payment of Stamp Duty on the agreement
  • Partnership Deed Notarisation
  • Application for allotment of PAN and TAN
  • Partnership Deed registration, if subscribed
  • Certificate of Registration from RoF*
  • Pick a Package that best fits your requirements
  • Fill in our questionnaires that take less than 10 minutes
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways
  • Assigned Relationship Manager
  • Drafting a Partnership Deed
  • Payment of Stamp Duty on Deed
  • Notary of Partnership Deed
  • Application for PAN and TAN
  • All it takes is 8-12 working days*

Documents Required for Partnership Registration in India

PAN Card

A self-attested copy of PAN Card of all partners

Partners Address Proof

Self- attested copy of Aadhar Card and Voter ID/ Passport/ Driving License of all partners

Business Address Proof

Utility Bill (Electricity Bill) of the place of business

Rent Agreement

Rent Agreement and NOC from the owner of the place of business, if rented

Pick a Business Structure That Works Best For Your Business
Private Limited Company
One Person Company
Limited Liability Partnership
Partnership Firm
Proprietorship Firm
Applicable Law
Companies Act, 2013
Companies Act, 2013
Limited Liability Partnership Act, 2008
Indian Partnership Act, 1932
No specified Act
Registration
Mandatory
Mandatory
Mandatory
Optional
No
Number of Owners
2 – 200
Only 1
2 – Unlimited
2 – 50
Only 1
Separate Legal Entity
Yes
Yes
Yes
No
No
Liability Protection
Limited
Limited
Limited
Unlimited
Unlimited
Statutory Audit
Mandatory
Mandatory
As Applicable
Not Mandatory
Not Mandatory
Ownership Transfer
Yes
Yes (Restricted)
Yes
Yes (Restricted)
No
Perpetual Existence
Yes
Yes
Yes
No
No
Foreign Ownership
Allowed
Not Allowed
Allowed
Allowed
Not Allowed
Taxation Liability
Moderate
Moderate
HIgh
High
Low
Compliance Requirement
High
High
Moderate
Low
Low

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