Partners have unlimited personal liability, meaning they are personally responsible for the firm’s debts and obligations, which can put their personal assets at risk.
Need a Partnership Registration? We are a perfect match.
Setting up a business with like minded people involves choosing a Partnership Firm as a preferred option. A partnership is a business arrangement where two or more individuals or entities agree to share in the profits and losses of a business, pooling resources, expertise, and responsibilities.
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Easy -
Fast -
Secure
4 easy steps to register a partnership firm
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Fill up the Form.
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Submit the documents.
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Pay Minimal fees.
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Get your partnership firm registered.
Process for Registering a Partnership Firm
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📞 Get in Touch with Us
Call or WhatsApp us for a free consultation. We help you understand whether an unregistered or registered partnership is better for your business and explain all legal implications.
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📄 Document Submission
Submit PAN, Aadhaar, photos, email, mobile numbers of all partners, business address proof, and other relevant details.
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💳 Fee Payment
You pay only required fees securely via UPI, bank transfer, or online payment gateway—based on your registration needs.
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📜 Drafting of Partnership Deed
We prepare a legally sound Partnership Deed covering all essential clauses like capital contribution, profit-sharing ratio, powers, duties, and exit terms.
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📝 Application for Registration
Registering a partnership firm is optional though it is highly recommended by us. It provides a legal recognition to partnership.
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📬 Certificate of Registration Issued
If registered, you receive your Partnership Firm Registration Certificate from the Registrar of Firms, and your firm becomes legally recognised.
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🔧 Post-Registration Support
We assist in PAN & TAN application, GST Registration, Udyam/MSME Registration, Bank Loan Financing, Project Reports and Partnership changes or dissolution if needed later.
Documents for Registering a Partnership Firm
Proof of Identity
Proof of Address
DSC
Place of Business
Partnership Deed
PAN of Firm
Advantages of a Partnership Firm
Ease of Formation
Partnership firms are relatively easy and cost-effective to establish, involving fewer formalities compared to other business structures.
Varied Skill Sets
Partners can bring diverse skills, knowledge, and resources to the business, enhancing its overall capabilities.
Shared Financial Burden
Partners share the financial responsibilities and risks, making it more manageable for everyone.
Tax Benefits
Partners are not subject to income tax themselves. Instead, profits from a partnership firm remains exempt in the hands of the partner.
Flexible Decision-Making
Partnerships allow for flexible decision-making as partners have a say in the business’s operations and direction.
Greater Access to Capital
Partners can contribute capital, and additional partners can be added to raise more funds for the business.
Disadvantages of a Partnership Firm
Unlimited Liability
Limited External Capital
Raising External capital may be challenging as it relies on the partnerships gains and business potential.
Conflict Potential
Differences in opinion among partners can lead to conflicts and hinder decision-making.
Limited Growth Potential
A partnership may need more growth and scalability compared to larger business structures.
Continuity Issues
The firm’s continuity may be disrupted due to a partner’s death, withdrawal, or insolvency unless provisions are made in the partnership deed.
Tax Complexity
Partnerships can involve complex tax arrangements, and each partner is responsible for their own tax compliance, which may require professional assistance.
Required mandatory registrations for a partnership firm in India.
Income Tax
You need to have a PAN card of the Partnership Firm, to establish legal Identity of the firm.
GST
GSTIN though is turnover based but becomes sort of mandatory for a renowned business.
TAN
Required by firms which are liable to deduct tax at source.
MSME Registration
Registering as an MSME gives you small enterprise privileges as well as advantages of Government schemes.
Startup Registration
The on going startup boom in India along with Incentives provided by GOI, Startup registration seems mandatory for certain entities.
Trade License
You may need a trade license, food license or a Shop and Establishment Act license to operate.
Why us
Recognized by Government of India
End-to-End Financial & Compliance Solutions
On Time, Every Time - We Respect Deadlines
Data Security & Confidentiality
ISO Certified
Trained & Professional Team
Technology Driven Work Culture
Transparent & Ethical Business Practices
Intended Support for Startups & MSMEs
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
Here are some frequently asked questions about partnership registration
Can a Partnership Firm engage in multiple business activities?
A Partnership Firm can engage in multiple business activities, provided these are outlined in the Partnership Deed and adhere to applicable legal regulations.
What are the advantages of registering a Partnership firm?
It is very advisable to register a Partnership firm as a Registered Partnership Firm can file a suit in any court against any of the Partners or firm for the enforcement of any right arising from the contract referred by the Partnership Act. Also, only a Registered Partnership Firm can claim set-off or other proceedings in a dispute with a party.
What are the tax implications for a registered Partnership Firm?
A new partner can be admitted by amending the Partnership Deed with the unanimous consent of all existing partners and notifying the Registrar of Firms. This process is called “admission of a new partner”.
What is a Partnership deed & Why it is necessary?
A Partnership deed is an agreement between the Partner that highlights the terms and the rules of the Partnership among the Partners.
The Partnership deed lays down all the Terms and Conditions of the Partnerships. As it regulates the rights and duties of each partner. A Partnership deed is a very crucial document.
What are the consequences of not registering a Partnership Firm?
Unregistered Partnership Firms cannot initiate or defend lawsuits in court, and their partners may face legal and financial disadvantages in disputes and contract enforcement.
Who can become a partner in an Indian Partnership Firm?
In India, any individual, including minors (with certain limitations), as well as companies and LLPs, can become partners in a Partnership Firm, subject to the provisions of the Partnership Deed and the Indian Partnership Act, 1932.
What are the compliance requirements for a registered Partnership Firm?
Compliance obligations include maintaining accurate financial records, filing income tax returns, conducting statutory audits when required, and ensuring adherence to labor laws and other regulations.
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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