What is Partnership Firm Registration ?
A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the PartnershipDeed. Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors.
Request a Call Back
REGISTER PARTNERSHIP FIRM NOW
PROCEDURE TO REGISTER PARTNERSHIP FIRM
Complete our Simple Form
You need to fill our simple company registration questionnaire and submit documents.
Submit Documents via Mail
To proceed further, you have to send us all the required documents via email.
Document Submission
We will create all the Partnership deed and file them with Registrar on your behalf.
Your Work Completed
Once your firm is registered, we shall send you all the documents.
DOCUMENTS REQUIRED FOR PARTNERSHIP FIRM REGISTRATION
1
Copy of PAN Card of all partners
2
Copy of Aadhaar Card/ Voter identity card of all partners
3
Electricity Bill/ Water Bill (Business Place)
4
Photo of all partners
WHAT ALL YOU GET WITH PARTNERSHIP FIRM REGISTRATION
1
Partnership Deed
2
Firm Registration Certificate
3
Udhyam/MSME Registration Certificate
Pricing Cart
Amount
Director Identification Number (DIN) (DIR 3)
1500
Digital Signature (DSC)
1500
Name Approval (INC 1)
Included
MOA, AOA & Company Incorporation (INC 7, DIR 12, INC 22)
1500
Stamp Duty
1500
Grand Total
Rs 15999/-
Ready to Register Your Company?
Have a question or want more information? We are here to help!
Contact us
Advantages and Benefits
Why to Register Partnership Firm
Ease of Formation
Simple and inexpensive to establish compared to corporations. Requires minimal legal formalities, such as a partnership agreement and registration in some jurisdictions.
Shared Resources and Capital:
Partners pool financial resources, skills, and expertise, enabling the firm to access more capital and diverse capabilities than a sole proprietorship.
Shared Responsibility and Workload:
Partners divide management and operational tasks, leveraging individual strengths to improve efficiency and decision-making.
Access to Credit:
Combined creditworthiness of multiple partners can make it easier to secure loans or credit compared to a sole proprietorship.
Profit Sharing:
Profits are distributed among partners based on the partnership agreement, providing direct financial incentives for performance.
Flexibility in Management:
Partners can make decisions quickly without the bureaucratic processes typical in larger organizations, allowing for adaptability to market changes.
Tax Benefits:
Profits are taxed at the individual partner level, avoiding double taxation (unlike corporations). Partners report their share of profits on personal tax returns.
Diverse Skill Sets:
Partners bring varied expertise, knowledge, and networks, enhancing the firm’s ability to innovate and compete.
Moral and Emotional Support:
Partners can support each other, share risks, and provide motivation, reducing the burden of running a business alone.
Confidentiality:
Unlike public companies, partnership firms are not required to disclose financial details publicly, maintaining greater privacy.
FAQs
On How to Register Partnership Firm in India
The Partner must be an Indian citizen and a Resident of India.
There is no limit on the minimum capital for Partnership Registration. Therefore, a Partnership can be started with any amount of minimum capital.
Yes, you can, but this is a very time consuming and expensive procedure. It may be better to close the partnership altogether and then start afresh as an LLP or Private Limited Company.
Typically 7–15 days, depending on the jurisdiction and completeness of documents. Delays may occur if documents are incomplete or require verification.
Partners typically have unlimited liability, meaning they are personally liable for the firm’s debts and obligations. A Limited Liability Partnership (LLP) is an alternative to limit liability.
No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.
In many countries, including India, registration is not mandatory but highly recommended. An unregistered partnership can operate but faces limitations, such as inability to file lawsuits against third parties or partners and limited legal recognition.
At least 2 partners; maximum typically 20 (10 for banking businesses in India).
- A partnership deed is a legal document that outlines the terms of the partnership, including:
- Name and address of the firm and partners.
- Nature of the business.
- Capital contribution by each partner.
- Profit/loss sharing ratio.
- Rights, duties, and obligations of partners.
- Rules for admission, retirement, or dissolution.
- It must be signed by all partners, notarized, and preferably drafted with legal assistance.
An unregistered firm can operate but faces:
- Inability to sue third parties or partners.
- Limited legal recourse in disputes.
- Challenges in obtaining loans or licenses.
- Lack of formal recognition, which may affect credibility.
- Yes, a partnership can be dissolved by:
- Mutual agreement of partners.
- Completion of the business objective.
- Death, insolvency, or retirement of a partner (unless the deed specifies otherwise).
- Court order in case of disputes.
- Dissolution requires settling debts, distributing assets, and notifying the Registrar of Firms.
Ready to Register Your Partnership Firm?
Ask Us a Question
Do you have any more questions? Please reach out us
Get a Call Back