Everything you need for Partnership Firm
A Partnership Firm is a business structure formed by two or more individuals who agree to share profits, responsibilities, and management as per a partnership deed, making it suitable for small and medium-sized businesses.
Benefits of Partnership Firm
- Easy to start and manage with minimal legal formalities,
- Low registration and operational cost,
- Shared responsibility and pooled resources,
- Flexible decision-making and management structure,
- Better business continuity compared to proprietorship,
- Suitable for small and medium-scale businesses
Eligibility Criteria for Partnership Firm
- Minimum 2 partners (maximum as per partnership deed),
- Partners must be Indian citizens,
- A valid Partnership Deed is mandatory,
- Business activity must be lawful,
- Registered business address in India
Process of Partnership Firm Registration
- Choose Firm Name – Select a unique and lawful business name,
- Draft Partnership Deed – Define roles, capital contribution, and profit sharing,
- Stamping & Notarization – Execute deed on stamp paper,
- Apply for PAN – PAN in the firm’s name,
- Firm Registration (Optional but Recommended) – File with Registrar of Firms,
- Open Bank Account – Current account in partnership firm name
Why Choose Our Services?
- Expert legal and tax consultation,
- Affordable and transparent pricing,
- Quick documentation and filing support,
- End-to-end compliance assistance,
- Dedicated customer support,
- Trusted by startups and growing businesses across India
Get prepared
Documents & information required
- PAN Card of partners
- Aadhaar Card of partners
- Passport-size photographs
- Address proof of partners
- Registered office address proof (electricity bill or rent agreement)
- NOC from property owner
- Partnership Deed (signed and notarized)
- Bank account details