Partnership Firm Registration.
A partnership firm is a popular business structure commonly chosen by newly established businesses in India. It requires a minimum of two partners to be formed.
The formalization of a partnership firm is done through a partnership deed—an important document that outlines the terms and conditions agreed upon by the partners. This deed serves as a guide for managing the firm’s operational and financial arrangements, ensuring clarity and mutual understanding among the partners.
- → Hassle free partnership firm registration with expert support
- → Partnership deed drafting done by senior experts
- → Complete guidance and filing support for partnership deed registration.
Select Packages
Consultation Fee
₹999
- ✓Expert assisted process
- ✓Partnership deed drafting in 3 days
- ✓Deed submission to the local registrar on your behalf
- ✓PAN Card
- ✓Zero balance current account with 7% interest
Basic
₹16899
- ✓Expert assisted process
- ✓Partnership deed drafting in 3 days
- ✓Deed submission to the local registrar on your behalf
- ✓PAN Card
- ✓GST registration
- ✓GSTR-1 & 3B for 12 months (Up to 300 transactions)
- ✓Accounting software (1 year license)
- ✓Zero balance current account with 7% interest
SMART
₹39899
- ✓Dedicated account manager
- ✓Partnership deed drafting in 3 days
- ✓Deed submission to the local registrar on your behalf
- ✓PAN Card
- ✓GST registration
- ✓GSTR-1 & 3B for 12 months (Up to 300 transactions)
- ✓Accounting software (1 year license)
- ✓Zero balance current account with 7% interest
- ✓Trademark Registration for your Brand
- ✓ITR Filing for one financial year (Up to 10 lakhs)
Key Characteristics of a Partnership Firm
Partners
Minimum two partners required. Max 50 (as per Companies Rules 2014). Must be of sound mind and not disqualified by law.
Deed of Partnership Agreement
A legal document defining the terms and conditions agreed upon by all partners for business operations.
Lawful Business
Partnerships must be formed for legal business activities such as trade or profession — not for charitable or non-profit purposes.
Profit-Sharing
Profit-sharing ratios are pre-decided and mentioned clearly in the partnership deed.
Mutual Agency
All partners are agents and principals, meaning one partner can act on behalf of the firm and other partners.
No Separate Entity
A partnership firm does not have a separate legal identity from its partners.
Unlimited Liability
Each partner is personally liable for the debts of the firm, just like in a sole proprietorship.
No Transfer Without Consent
A partner cannot transfer their interest in the firm without prior consent of all other partners.
Importance & Benefits of Registering a Partnership Firm
Legal Recognition and Protection
Provides official recognition and protects partners from personal liability. Obligations are limited to the capital contributed.
Formalisation of Business Relationship
Clearly defines the roles, responsibilities, profit-sharing ratio, and dispute resolution through a partnership deed.
Access to Business Opportunities
Improves credibility with clients, suppliers, and financial institutions — enabling better contracts and collaborations.
Operational Flexibility
Less regulatory burden allows fast decision-making, quick market response, and agile operations by all partners.
Tax Advantages
Avoids double taxation. Profits are taxed only at the partner level, with eligibility for deductions and tax benefits.
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