Partnership Firm Registration

Get your Partnership Firm Registration starting from ₹ 6000/-
  • For partners
  • For small and medium enterprises
  • Simple and Secure Online Process
  • Dedicated Professional
  • Hassle-Free Process
  • Get your work done in 7-10 days

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Introduction to Partnership

A partnership firm is a popular form of business organization where two or more individuals come together to carry out a business for profit. Partnership firm registration is not mandatory, but it is advisable to register to avail certain legal benefits and protections. The registration process involves documenting the partnership deed and submitting it to the relevant authorities.

Advantages of Partnership

Legal Recognition

Registration provides legal recognition to the partnership firm, making it a separate legal entity from its partners.

Easy Formation

Partnership firms are relatively easy to form compared to other business structures, requiring minimal formalities.

Ease of Management

Partnerships offer flexibility in management as partners have the freedom to decide how the business will be run.

Sharing of Profits and Losses

Partnerships allow for the sharing of profits and losses based on the agreed-upon terms in the partnership deed.

Access to Credit

Registered partnership firms may find it easier to obtain credit from financial institutions compared to unregistered ones.

Procedure of Partnership - Step by Step

Choose a Suitable Name

Choose a unique and meaningful name for the partnership firm.

Create a Partnership Deed

Draft a partnership deed outlining the rights, responsibilities, and profit-sharing ratio of each partner.

Get the Partnership Deed Notarized

Visit a notary public to get the partnership deed notarized.

Apply for PAN and TAN

Obtain a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for the partnership firm.

Prepare the Registration Application

Prepare the application for partnership firm registration with the necessary details.

Submit the Application

Submit the application along with the partnership deed and required documents to the Registrar of Firms.

Verification and Approval

The Registrar of Firms will verify the documents and, if satisfied, approve the registration.

Certificate of Registration

Upon approval, a certificate of registration is issued, confirming the legal existence of the partnership firm.

Documents Required for Partnership

Duly filled application form for registration.

Partnership deed on stamp paper.

Proof of address for the firm.

PAN card of the firm.

Identity and address proof of partners.

Passport-sized photographs of partners.

Any other documents as required by the authorities.

Frequently Asked Questions (FAQs) Regarding Partnership

Is partnership firm registration mandatory?

No, it's not mandatory, but registration offers legal benefits and protections.

Can a partnership firm have more than two partners?

Yes, a partnership firm can have two or more partners.

What is the role of the Registrar of Firms in the registration process?

The Registrar of Firms verifies and approves the registration application submitted by the partners.

How long does it take to complete the registration process?

The timeline varies, but it usually takes a few weeks to complete the partnership firm registration.

Is it necessary to notarize the partnership deed?

Yes, notarizing the partnership deed adds a layer of authenticity to the document.