Partnership Firm

🤝 Partnership Firm Registration in India – Build Business Together, Legally

Starting a business with trusted partners?
A Partnership Firm is one of the simplest and most popular forms of business entities in India, especially for small and medium-sized enterprises. It allows two or more individuals to share responsibilities, profits, and decisions under a mutual agreement.

Let’s help you register your partnership and start your business on a solid legal foundation.

✅ Why Choose a Partnership Firm?

  • Easy to Start – No complex procedures or high compliance
  • Shared Responsibility – Combine expertise and divide roles
  • Lower Cost – Minimal setup cost compared to companies
  • Flexibility in Operations – Operate and amend terms by mutual consent
  • Suitable for Local and Small Businesses – Great for professionals, retailers, agencies

👥 Who Can Form a Partnership Firm?

  • Minimum 2 partners, maximum 20
  • Partners must be competent to contract (i.e. 18+ years old, of sound mind)
  • Foreign nationals or companies can also be partners (in some cases)

📋 Registration Options

Type
Description
Unregistered Firm
Operates legally, but limited legal rights in court
Registered Firm
Offers full legal protection, recognized by courts & government

Note: Registration is not mandatory under the Indian Partnership Act, 1932—but highly recommended for legal credibility.

📋 Registration Options

Step
Action
Draft Partnership Deed
Include firm name, nature of business, partner details, profit sharing, etc.
Notarize the Deed
Execute the deed on stamp paper, signed by all partners
Apply for PAN
Obtain PAN in the firm’s name
Register with Registrar of Firms (Optional)
Submit application in Form 1 with the deed
Open Bank Account
In the name of the firm using deed and PAN
GST Registration (if applicable)
For businesses with turnover beyond threshold or online sales

📑 Documents Required

  • Partnership Deed (signed & notarized)
  • PAN cards and Aadhaar cards of all partners
  • Passport-size photographs
  • Address proof of partners (utility bill/bank statement)
  • Proof of firm’s address (rent agreement/ownership documents)
  • NOC from property owner (if rented premises)

📜 What’s Included in a Partnership Deed?

  • Firm name and address
  • Business nature and duration
  • Capital contribution of each partner
  • Profit/loss sharing ratio
  • Roles, responsibilities & withdrawal terms
  • Dispute resolution clauses
  • Exit and dissolution provisions

⚖️ Legal Advantages of Registering Your Firm

  • Right to sue third parties or other partners
  • Eligible to apply for loans, tenders, or contracts
  • Stronger legal standing in the event of disputes

🚀 Start Your Partnership Firm with Confidence

We’ll take care of your deed drafting, registration, PAN, and post-setup compliances so you can focus on growing the business.