Partnership Registration
 

Partnership Registration

  • Get Your Partnership Registration Within 1 Day.
  • Get your Partnership Registration now from anywhere in India.

Get Started

We'll never share your email with anyone else.

2 Lakhs

Happy Customers

300+

Professionals

250+

Partners

Get Started

We'll never share your email with anyone else.

2 Lakhs

Happy Customers

300+

Professionals

250+

Partners

 
 

How Partnership Firm Registration Work ?

 
 
MCA

Gathering Details

We study your business requirements.

select

Drafting

We prepare the first draft and share with you within 4 working days.

camp_application

Placing an Emphasis on Perfection

We do up to two rounds of iterations, if necessary, at no extra cost.

 
 

What is Partnership Firm?

A partnership firm is a well-recognized business structure formed with mutual consent of all the partners for a profitable purpose. Partnership firm represents a business entity that is formed with a purpose of making a profit from the business. Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business.

Partnership firms are not separate legal entity while the partners are. A partnership firm cannot be debtor or creditor and cannot own a property .The property, debit or credit of a partnership firm is actually for the partners in the eyes of law

Choose Partnership because

  1. Partnership registration is very easy.
  2. It has minimum compliance requirement.
  3. Partnership registration is inexpensive as compared to LLP.

Benefits of Partnership Firm

benefits_Partnership_firm_info

Why Partnership registration?

  • Audit not required

  • Easy to establish

  • Relatively Inexpensive

  • Minimal compliances

Minimum requirements for partnership registration

  • No fixed minimum capital requirement

  • Minimum 2 partners

Registration procedure of partnership firm

Step1: In step first select an appropriate name for the firm.

Step2: In step second the applicant has to file an application I form 1 of partnership firm registration.

Step3: In step third partnership deed is prepared with the consent of all the partners on the stamp paper. Partnership deed includes-

  • Capital contribution made by all partners.

  • Shares/Interest of all the partners.

  • Other clauses made with mutual consent of all the partners.

  • Details of the partners and firm such as their name, address, qualification, etc.

  • Nature of the firm or business activities involved.

  • Circumstances or process that would be followed in case of death or retirement of any designated partner.

  • Profit/loss sharing ratio among all the partners.

  • Details of loans provided by the partners.

  • Rights, duties, salaries, commissions, or payable amount of the partners.

Step4: In Step fourth submit all the perquisite documents along with the partnership deed you have prepared.

Step5: In step fifth after the submission verification of documents and issuance of registration certificate.

Advantages and disadvantages of partnership firm registration

Advantages of partnership firm registration are as follows:

  • Easy in decision making

  • Easy management without any disputes

  • Easiest business structure

  • Raising funds

Disadvantages of the partnership firm registration are as follows:

  • Abrupt dissolution

  • Unlimited liabilities

  • Maximum number of members

  • Less trustworthy for the general public

Documents required for formation of a partnership firm

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FAQ's

Minimum 2 partners and maximum partners can be 200.
Yes, but only after he has been assigned with DIN/DPIN.
The partners residing in India can only become the partners in a partnership firm.
Once the partnership deed is notarized you can apply for the partnership firm.
There is no limit on the minimum capital for starting a partnership firm.
Partnership firms are registered by the registrar of firms.
No, its not required for partnership firm to prepare audited financial statements each year.
You can register a Partnership firm just by following the steps mentioned below:
  • Visit Legaltax Website
  • Fill up a simple form on our website providing basic information about proprietor and business to get
  • Partnership Deed
  • Get this Deed printed on Stamp paper of specific value and get it registered with the help of any nearby Advocate/Registrar.
Indian partnership act 1932 governs the partnership firms in India.
Please refer the procedure mentioned in above section for partnership firm online registration.
  • No fixed minimum capital requirement
  • Minimum 2 partners
  • Capital contribution made by all partners.
  • Shares/Interest of all the partners.
  • Other clauses made with mutual consent of all the partners.
  • Details of the partners and firm such as their name, address, qualification, etc.
  • Nature of the firm or business activities involved.
  • Circumstances or process that would be followed in case of death or retirement of any designated partner.
  • Profit/loss sharing ratio among all the partners.
  • Details of loans provided by the partners.
  • Rights, duties, salaries, commissions, or payable amount of the partners.
  • Easy in decision making
  • Easy management without any disputes
  • Easiest business structure
  • Raising funds
  • Abrupt dissolution
  • Unlimited liabilities
  • Maximum number of members
  • Less trustworthy for the general public
    • Partners address proof
    • Rent agreement
    • PAN card
    • Business address proof
  • Abrupt dissolution
  • Unlimited liabilities
  • Maximum number of members
  • Less trustworthy for the general public
    • Audit not required
    • Easy to establish
    • Relatively Inexpensive
    • Minimal compliances
    • Partnership registration is inexpensive as compared to LLP.
    • It has minimum compliance requirement.
    • Partnership registration is very easy.
  • Complete our partnership form:
  • Verification of documents:
  • Partnership deed drafting :
  • Apply for TAN & PAN:
  • A partnership firm is a well-recognized business structure formed with mutual consent of all the partners for a profitable purpose. Partnership firm represents a business entity that is formed with a purpose of making a profit from the business.
  • Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business.
  • Partnership firms are not separate legal entity while the partners are. A partnership firm cannot be debtor or creditor and cannot own a property .The property, debit or credit of a partnership firm is actually for the partners in the eyes of law
  • Get Started

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    Types of Government Registrations

    BUSINESS

    • Recommended For
    • Ease of Accommodating Investment
    • Limited Liability Protection
    • Tax Advantages
    • Perpetual Existence
    • Statutory Compliances
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    Fill Up Application Form

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    Make Online Payment

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    Executive will Process Application

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