Starting @ ₹ 28999/-
Easy Business Setup : Simple registration process with minimal formalities.
Shared Responsibility : Partners share management duties and decision-making.
Tax Benefits : No separate tax on firm profits.
Flexible Operations : Easy to modify terms and structure.
Best value with transparent pricing, expert support, and full compliance throughout.
Comprehensive service with full documentation and support.
Comprehensive service with full documentation and support.
Comprehensive service with full documentation and support.
Select a unique firm name and check availability with the Registrar of Firms office.
Prepare comprehensive partnership deed outlining partner rights, duties, profit sharing and business terms.
Gather PAN cards, address proofs, photographs and identity documents of all partners.
Submit application with partnership deed and documents to the Registrar of Firms.
Apply for firm's PAN card using Form 49A with partnership deed and registration certificate.
Open current account in firm's name using partnership deed and registration certificate.
Apply for GST registration if turnover exceeds threshold limits or for voluntary registration.
Begin operations while maintaining proper books of accounts and statutory compliances.
Create your account and pick the plan that fits your business — clear pricing, no hidden fees.
Easily upload necessary documents securely. We ensure privacy and clarity at every step.
Our experts handle all the legal and compliance work for you — stress-free and quick.
Receive your registration certificate and documents via email. You're officially in business!
Here is s a quick checklist of documents you will need to get started smoothly.
Simple registration process with minimal legal formalities. No mandatory minimum capital requirement enables quick business setup for entrepreneurs.
Partners contribute capital, skills and expertise collectively. Combined resources provide better financial strength and diverse business capabilities.
No separate tax on firm profits. Partners pay tax individually on their profit share avoiding double taxation issues.
Easy to modify partnership terms through deed amendments. Decision-making is flexible without complex board resolutions or regulatory approvals.
Banks readily provide loans and credit facilities to registered partnerships. Shared liability provides additional security to financial institutions.
Partners are personally liable for firm's debts and obligations. Personal assets can be attached to recover business liabilities.
Disagreements between partners can disrupt business operations. Lack of clear dispute resolution mechanisms can lead to firm dissolution.
Firm dissolves on death, insolvency or retirement of partners. Lack of perpetual succession affects long-term business planning.
Cannot raise funds through public or private equity. Growth capital is restricted to partners' contributions and debt financing.
Partnership interest cannot be freely transferred without consent of all partners. This limits exit options for individual partners.
File annual ITR for the firm and individual partners. Firm files ITR-5 while partners include their profit share in personal returns. Late filing attracts penalties and interest charges.
File monthly or quarterly GST returns if registered. Maintain proper invoicing, input tax credit records and timely payment of GST to avoid penalties and notices.
Deduct and deposit TDS on applicable payments like rent, professional fees and commissions. File quarterly TDS returns and issue TDS certificates to payees as required.
Maintain proper books of accounts including cash book, ledgers and bank statements. Digital record keeping is mandatory for firms exceeding specified turnover limits under Income Tax Act.
Operate firm's current account with proper authorization from all partners. Maintain bank reconciliation statements and ensure all business transactions are routed through firm's account.
Amend partnership deed for any changes in profit sharing, partner admission or retirement. Register amendments with Registrar of Firms to maintain legal validity.
Submit annual statement to Registrar of Firms with updated partner details and business information. Renew firm registration as per state regulations to maintain legal status.
Conduct statutory audit if turnover exceeds prescribed limits. Appointed auditor must certify accounts and compliance with applicable laws before filing returns.
Register under applicable labour laws like Shops & Establishment Act, PF Act and ESIC if employing staff. Maintain employee records and make statutory contributions.
Key Benefits of Partnership Firm Registration
Easy registration process with minimal documentation requirements compared to companies. Quick setup enables faster business commencement.
Multiple partners can contribute capital reducing individual financial burden. Combined resources enable better business growth opportunities.
Firm itself pays no income tax. Profits are taxed in partners' hands at individual rates avoiding double taxation.
Partners enjoy freedom in decision-making without rigid board structures. Business operations can be modified easily through mutual consent.
Easier to open bank accounts and obtain business loans. Banks view partnerships favorably due to shared liability.
Registered partnership firm gains legal status enabling contracts, property ownership and litigation rights in firm's name.
Trustpilot
Excellent service! They handled our partnership deed and registration smoothly with clear guidance throughout.
A minimum of 2 partners is required to form a partnership firm. The maximum number of partners allowed is 50 as per the Indian Partnership Act, 1932. All partners must be individuals - companies or LLPs cannot be partners.
Registration of partnership firm is optional but highly recommended. While an unregistered partnership can operate, it cannot enforce contracts against third parties in court and faces limitations in legal proceedings and banking relationships.
A partnership deed is a legal document that outlines the terms of partnership including profit sharing, duties, capital contribution and decision-making processes. It prevents future disputes and provides legal clarity on partner relationships and business operations.
Yes, a registered partnership firm can own property in its name. The firm can enter into contracts, buy and sell assets, and hold property rights. However, unregistered partnerships face restrictions in property ownership and legal transactions.
Partnership firms are pass-through entities for tax purposes. The firm pays no income tax on profits. Instead, partners pay tax on their individual share of profits at applicable slab rates. The firm must still file ITR-5 annually.
New partners can be added only with consent of all existing partners. The partnership deed must be amended to include new partner details, capital contribution and profit sharing ratios. The amendment must be registered with the Registrar of Firms.
A partner can exit through retirement or by selling their share to existing partners. The partnership deed should specify exit procedures. Upon partner exit, accounts must be settled and the deed amended to reflect changes.
GST registration is mandatory if the firm's turnover exceeds ₹40 lakhs (₹20 lakhs for special category states). Firms can also opt for voluntary GST registration. All GST registered firms must file regular returns and maintain proper records.
Yes, a partnership firm can be converted to a Private Limited Company by transferring business assets and liabilities to the newly incorporated company. This involves fresh company registration and asset transfer procedures as per applicable laws.
Partnership firms must file annual income tax returns (ITR-5), maintain books of accounts, file GST returns if registered, comply with TDS provisions, and submit annual statements to the Registrar of Firms. Audit may be required if turnover exceeds prescribed limits.