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A partnership deed is a legally binding document that outlines the terms and conditions of a business partnership. It includes details about the partners, the business, and how the partnership will operate.
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Documents required for partnership deed registration
A signed copy of the partnership deed
An application form for partnership registration
Proof of address for the partnership firm
Proof of identity for all partners
Payment of registration fees
An affidavit
An affidavit confirming the accuracy of the details in the deed and other documentsDetails to include in a partnership deed
Firm name
The name of the partnership firm as agreed upon by all partners
Partner details
The names, addresses, and other details of all partners
Capital contribution
The amount of capital each partner contributed to the firm, in the form of money, property, or expertise
Profit sharing ratio
The percentage of profit or loss each partner will receive
Business commencement date
The date the business started
Partnership duration
How long the partnership will last
Decision-making
How decisions will be made
Dispute resolution
How disputes will be resolved
Admission and retirement
The terms for admitting or retiring partners
Compare with other formation types
Pick a Business Structure That Works Best For Your Business
- Applicable Law
- Registration
- Number of Owners
- Separate Legal Entity
- Liability Protection
- Statutory Audit
- Ownership Transfer
- Perpetual Existence
- Foreign Ownership
- Taxation Liability
- Compliance Requirement
Related business registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an advisor to find out registrations your business may require post registration.
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