Partnership Firm Registration in India

Two Type of Partnership Firm: Unregistered or Registered.

  • Unregistered Firm Form in just 5 days & Registered Firm in 15 days
  • Registered Firm Eligible to appy for Startup India Recognition
  • NO additional Compliances like an LLP or Company | Suitable for small business
  • Partnership is convertible into LLP or Company.

About Partnership Firm in India

Best option if your business or Profession is small as well individually managed | Registered Firm is Eligible to Apply for StartupIndia Recognition

Partnership Firm is the most popular business type wherein two or more person join together to start a business at agreed profit sharing ratio by simply preparing a Partnership deed on non judicial stamp paper. Partnership Firm in India is governed by Indian Partnership Act 1932 and Partnership Deed is the important document here. Partnership is easy to form, and the compliance is minimal as compared to companies and LLP. There 2 types of Partnership Firm - A) Registered Firm and D) Un-registered Firm. The Act does not require the Partnership Firm to be registered with Registrar of Firm or Any other Competent Authority authorised to Register Firm. Therefore Most of the Firm does not take Registration due to lack of knowledge. They simply Prepare a Partnership Deed and PAN card to start business. There are no penalties for non-registration and even a Firm can be registered any time after formation . There are some disadvantage of Un-registered Firm. So it is advisable to Register your Firm. Only A Registered Partnership Firm Eligible to apply for StartupIndia Recognition and get all benefits under the StartupIndia Scheme once approved.

Documents Requirement for

Our Service Coverage

After Company incorporation, you will receive below documents 

  • Company Certificate of Incorporation
  • Memorandum of Association & Article of Association (MOA & AOA)
  • PAN Card and TAN Allotment
  • EPF & ESI Registration
  • Digital Signatures (Class 2)
  • Directors Identification Number (DIN)
  • Assist in Bank A/c Opening
  • Professional Tax Registration (if required)
  • GST Registration (Optional)

Partnership Firm Registration Process in India

  • Documentation & Finalise Name First we collect documents and details as mentioned above and One Firm Name and Capital Contributions. DAY 1
  • Drafting Partnership Agreement (Deed) Then next task is Drafting of Partnership Agreement defining Partner’s Capital contributions, Business Objects, rights, duties, profits shares and other obligations of each partner. Agreement copy shall take printout on Non judicial stamp paper as per prescribed applicable rate of the state govt based on Capital Contribution Amount. DAY 1
  • Apply PAN After signing of agreement, next we apply for PAN card of the Firm. Takes 4-10 days here to receive PAN Card Copy
  • Apply Registration (Optional) After receipt of PAN Card, Next we go ahead for Registration of your Partnership Firm with the Authority and whole process takes 5-15 working days. Registration of Partnership is Optional here and spend extra for this.

Benefits/ Features of Registered Partnership Firm

  • Eligible to Apply for StartupIndia Recognition and Avail all benefits attached to scheme
  • Minimum 2 Partners required to form a partnership Firm
  • A partner of a Registered firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act.
  • Partnership deed is an agreement between the partners in which rights, duties, profits shares and other obligations of each partner is mentioned
  • Partnership Firm is registered with State Govt. Office - Registrar of Firm or Sub-Registrar Office or with Any Authority authorised to Register a Partnership Firm under Indian Partnership Act 1932
  • Registered Partnership Firm Receive a Certificate of Registration from Authority

How We Proceed

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  • Either pay Online OR Through NEFT/RTGS/Cheque
  • EMI facility available on online payment above Rs. 5000/-
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