Register your Partnership Firm Starting at Rs. 2499/- only.Stamp Duty Extra.
Easy to Start Business
Lesser Compliance Cost
Easy to Close Business
Contact usFill this Form we will get back to you shortly.
About Partnership Firm
Partnership firm is very conventional type of business organisation in India which requires minimum two partners to start a partnership firm. The law that covers all aspects and functioning of a partnership is “The Indian Partnership Act 1932”. The act also defines a partnership as “the relation between two or more persons who have agreed to share the profits from a business carried on by either all of them or any of them on behalf of/acting for all”
So in such a case two or more (maximum numbers will differ according to the business being carried) persons come together as a unit to achieve some common objective and the profits earned in pursuit of this objective will be shared among themselves.
The entity is collectively called a “Partnership Firm” and all the individual members are the “Partners”.
Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors.
For Partnership Registration, you must agree on a firm name and then establish a partnership deed. It is a document stating respective rights and obligations of the partners and to be valid it should be written and not oral.
Salient Feature of Partnership Firm
Number of Partners
There should be at least two persons subject to a maximum of ten persons for banking business and twenty for non-banking business to form a partnership firm.
Profit and Loss Sharing
Partnership Firm is formed by written agreement among the partners to share the profits earned and losses incurred in partnership business
Existence of Lawful Business
Partnership is formed to carry on some lawful business and share its profits or losses. If the purpose is to carry some charitable works, for example, it is not regarded as partnership
Unlimited Liability
Each partner has unlimited liability in the firm. This means that if the assets of the partnership firm fall short to meet the firm’s obligations, the partners’ private assets will also be used for the purpose.
Documents required for Partnership Firm Registration
PAN Card
Copy of PAN Card of all partners
Address Proof
Anyone: Aadhar, Passport & Voter ID
Photograph
Passport Size Photograph of all partners
Office Address
Electricity Bill of registered office
Procedure for Partnership Firm RegistrationIt usually takes 5-6 working days to form a partnership firm and get all the documents .
Complete our requisition form
You are required to fill the details in our simple online form and submit documents.
Partnership Deed Drafting
After submitting your documents we shall draft Partnership deed.
Apply for PAN & TAN
After deed drafting we apply for PAN and TAN and other registration if demanded.
Work Completed
Your work is Completed Successfully. You can open bank account.
Difference between Partnership Firm and LLP
| Limited liability partnership | Partnership Firm | |
| 1 | LLP is governed by Limited Liability Act, 2008 In India. | The Partnership is governed by Indian Partnership Act, 1932 In India. |
| 2 | Minimum 2 partners and there is no limit on maximum partners. | Minimum 2 persons subject to a maximum of ten persons for banking business and twenty for others. |
| 3 | The liability of Partners is limited to the extent of their contribution in LLP. | Partners are personally liable for the unlimited amount of liabilities of the partnership. |
| 4 | Registration with Registrar of LLP required. | Registration is optional |
| 5 | Cost of formation is high | Cost of formation is less |
| 6 | It has more compliance than partnership firm | It has less compliance. |
What our Customer speaks
🌟🌟🌟🌟
I started a my Software Consulting Business from these guys they Guide me from beginning and even after company incorporation they always guide me. I personally recommend their services.
🌟🌟🌟🌟🌟
Very helpful and skilled. They know their job and understand your need. Definitely recommended. Best thing they are committed with their prices.
🌟 🌟 🌟 🌟 🌟
I am happy with the solution received. They are professional having good knowledge. I have suggested two more friends and they are satisfied too. Good keep it up.
