Partnership Firm Company Registration
Partnership Firm Registration
A Partnership Firm is formed when two or more individuals come together to carry on a business and share its profits. Governed by the Indian Partnership Act, 1932, it is a simple and flexible structure suitable for family businesses, trading firms, and professional practices. While registration is optional, a registered partnership firm enjoys legal advantages such as the right to sue third parties and enforce rights against other partners.
Key Highlights
Minimum 2 partners; maximum 50 partners
Governed by the Indian Partnership Act, 1932
Partnership Deed defines the roles, profit-sharing ratio, and obligations of partners
Registration is optional but highly recommended for legal enforceability
Partners have unlimited liability (personal assets can be used to pay business debts)
Ideal for family businesses, traders, professional firms, and small-scale enterprises
Registration timeline: 7–14 working days
Documents Required
- PAN Card of all partners
- Address proof and identity proof of all partners
- Partnership Deed (drafted on stamp paper of appropriate value)
- Registered office address proof with NOC
- Passport-size photographs of all partners
Process
1
Step 1: Draft the Partnership Deed with terms, capital contributions, and profit-sharing ratios
2
Step 2: Get the deed notarised and executed on appropriate stamp paper
3
Step 3: Apply for PAN of the partnership firm
4
Step 4: Register the firm with the Registrar of Firms (optional but recommended)
5
Step 5:Apply for GST registration and open a bank account
Timeline
Complete registration within 10-15 working days
Pricing
Starting from Rs. 6,999/- (inclusive of government fees)
Partnership firm registration is ideal for businesses run by two or more individuals who want a simple, flexible structure with shared decision-making and minimal regulatory overhead.
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