Business Setup

Partnership Firm Registration

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Process

How It Works

Deed Drafting

Deed drafted covering capital, profit sharing, duties, and exit terms for each partner.

Stamp Duty

Stamp duty paid as per your state schedule and the deed executed before witnesses.

Registration

Form 1 and the deed filed with the Registrar of Firms for your district.

PAN for Firm

PAN applied for in the firm name so it can open a bank account and file returns.

Overview

About This Service

A partnership firm is the simplest way for two or more people to run a business together, governed by the Indian Partnership Act, 1932. Registration with the Registrar of Firms is technically optional, but an unregistered firm cannot sue to enforce a contract against a third party or between partners, which makes it a serious practical risk. We draft a deed covering capital contribution, profit sharing, roles, admission and retirement of partners, and dispute resolution, pay the correct stamp duty for your state, complete registration, and obtain a PAN in the firm name.

Checklist

Documents Required

PAN Card of all partners

Aadhaar Card of all partners

Passport-size photographs of all partners

Proof of business address (utility bill or property tax receipt)

Rent agreement and No Objection Certificate from the property owner

Stamp paper of the value prescribed by your state for the deed

Specimen signatures of all partners

FAQ

Frequently Asked Questions

Is partnership registration compulsory?

Not legally mandatory, but strongly recommended. An unregistered firm cannot file a suit to enforce a contract against third parties, and partners cannot sue each other to enforce deed terms.

How many partners can a firm have?

A minimum of two and a maximum of fifty as prescribed under the Companies Act rules.

What is the difference between a partnership firm and an LLP?

In a partnership firm partners have unlimited personal liability for firm debts. An LLP is a separate legal entity where liability is limited to each partner contribution, though it carries higher compliance.

Can a partnership firm be converted into a company later?

Yes. Conversion into a Private Limited Company or LLP is permitted and often done as the business grows or seeks investment.

How is a partnership firm taxed?

The firm is taxed at a flat 30% plus surcharge and cess on its profits. Partner remuneration and interest on capital are deductible within the limits set by Section 40(b).