Partnership

Partnership Registration

  • INR 1799 /-
  • All Inclusive, No hidden Charges
  • Free ConsultancyApplication for Pan Card
    Partnership Deed Free Basic Software
    GST registration free                                               TDS registration free

Basic Plan

  • INR 1799 /-
  • No Hidden Cost

    Partnership Registration in just 8-10 Days

A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. Various partnership arrangements are possible in which all partners might share liabilities and profits equally or some partners may have limited liability. Not every partner is necessarily involved in the management and day-to-day operations of the venture, such as in the case of a "silent partner." In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations. 

The registration of Partnership Firm is voluntary as provided under Indian Partnership Act, 1932. However, the registration allows higher creditability along with the ease of expansion or conversion of business at future date. The Partnership Firm is registered with the Registrar of Firm (RoF). Here, the registration procedure varies from state to state along with time for issuing registration certificate.

Required Documents for Partnership Firm Registration


For Unregistered Partnership Firm
A Partnership deed is formed on a suitable non-judicial stamp paper duly signed by each member of the firm. The same is required to be notarized by the notary and from that date Partnership Firm deemed to be registered.

For Registered Partnership Firm
1.Application for Registration in the prescribed Form – I.
2.  Duly filled Specimen of Affidavit.
3. Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
4. Proof of ownership of the place of business or the rental/lease agreement thereof.
5. Affix court fee stamp & payment of prescribed fee for registration by demand draft

    Step-1
    Basic Information 1-2 Days

    Step-2
    Draft of Partnership Deed 3-4 Days

    Step-3
    Review & Changes 5 to 7 Days

    Step-4
    Final Deed & Application of PAN Card 8 to 10 Days

    Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

    Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

    Yes, an existing partnership firm can converted into a company or LLP.

    Once the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration.

    A partnership firm is not required to get statutory audit of their accounts. However tax audit is required is turnover is more than the limit prescribed.