Ideal for small teams and family-run ventures, it’s easy to register and manage and Protect your interests and grow your business the right way — legally and professionally.

Partnership Firm Registration Services

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Register Your Partnership Firm the Right Way

Start Your Business with Shared Responsibility, Flexibility & Legal Credibility

A Partnership Firm is a form of business structure where two or more individuals join together to run a business with a shared understanding of ownership, duties, and profit-sharing. It is governed under the Indian Partnership Act, 1932, and is widely used by small businesses, family enterprises, professionals, and service-based businesses.

It offers an easy formation process, minimal compliance, and freedom to define internal rules in a Partnership Deed. Though not mandatory, registering the firm with the Registrar of Firms (ROF) provides legal recognition, proof of existence, and enforceability in courts.

✅ Why Register a Partnership Firm?

Even though unregistered partnerships are legal, registration brings credibility, legal protection, and operational benefits such as:

  • Ability to enforce contractual rights in court

  • Legal proof of existence and ownership

  • Eligibility for bank loans and tenders

  • Helps open a business bank account in the firm’s name

  • Greater trust with vendors, clients, and authorities

A registered partnership firm protects your interests and unlocks business opportunities.

📣 Benefits of Registering Your Partnership Firm

Legal Identity & Recognition

Establishes your business as credible and lawful.

Right to Sue Third Parties

Only registered firms can enforce their rights in court.

Enforceable Partnership Deed

Offers clarity in case of disputes among partners.

Eligibility for Government Tenders

Most public sector entities demand ROF-registered firms.

Access to Loans and Banking Facilities

Registration helps in opening business bank accounts and applying for credit.

Flexibility in Roles & Profit Sharing

Decide how you want to share responsibilities and income.

🔍 Key Features of a Partnership Firm

FeatureDetails
Minimum Partners2
Maximum Partners20 (as per Companies Act)
AgreementPartnership Deed
Legal EntityNot separate from partners
LiabilityUnlimited
Profit SharingAs per Deed (or equal, if not defined)
ComplianceLow
RegistrationRecommended but not mandatory
TaxationTaxed at flat 30% + surcharge and cess

💡 Who Should Register?

  • Family-owned businesses with multiple stakeholders

  • Consulting firms, agencies, and legal/financial professionals

  • Small traders and manufacturers working in groups

  • Retail and wholesale stores run by two or more people

 

🧾 Types of Partnership Firms in India

2. Unregistered Partnership Firm

  • Operates legally without registration

  • No legal recourse if disputes arise

  • Recommended only for temporary or informal businesses

1. Registered Partnership Firm

  • Registered with the Registrar of Firms

  • Legal rights to sue third parties

  • Stronger business standing

  • Required for government tenders and contracts

 

📑 Documents Required for Registration

To register a partnership firm, the following documents are generally required:

For Partners:

  • PAN Card of each partner

  • Aadhaar Card or any government-issued ID

  • Passport-size photographs

  • Email ID and phone number

For Office Address:

  • Electricity/Water Bill or Rent Agreement

  • No Objection Certificate from the property owner (if rented)

Other Documents:

  • Partnership Deed (duly notarized or on stamp paper)

  • Proof of business activity (optional, for GST or bank account)

 

📝 What is a Partnership Deed?

A Partnership Deed is a legally binding agreement between all partners of a partnership firm. It outlines the ownership structure, capital contributions, and profit-sharing ratio.
It clearly defines each partner’s roles, responsibilities, and decision-making powers. The deed includes rules for admission, retirement, or removal of partners.
It also specifies how disputes will be resolved and how the firm will be managed.
The deed must be executed on stamp paper and preferably notarized.
A well-drafted Partnership Deed is essential for registration and long-term stability.

🛠️ Step-by-Step Process for Partnership Firm Registration

Each step simplified for speed, clarity, and compliance.

01

Consultation

Get expert guidance to select the best partnership model for your business. We’ll also assist in drafting a clear, legally sound partnership deed tailored to your goals.

02

Prepare the Deed

We create a comprehensive Partnership Deed with all key business terms, printed on legally valid stamp paper as per your state’s regulations to ensure compliance and clarity.

03

Notarization

We get your Partnership Deed notarized by a licensed notary, adding legal authenticity and ensuring it’s officially recognized for business and regulatory purposes.

04

Apply for Registration

We submit Form 1 to the Registrar of Firms, along with your notarized Partnership Deed and required identity and address proofs, to officially register your partnership.

05

Certificate of Registration

After approval, you’ll receive the Certificate of Registration from the Registrar, officially confirming your partnership firm’s legal status and enabling you to start operations confidently.

06

PAN, TAN & Bank Account

We help you apply for your firm’s PAN and TAN, and assist in opening a current bank account to kickstart financial operations smoothly and compliantly.

📈 Post-Registration Services

We provide complete compliance support, including:

  • GST Registration & Filing

  • MSME (Udyam) Registration

  • Bookkeeping & Accounting

  • ITR Filing (Form ITR-5)

  • Partnership Deed Amendments

  • Adding/Removing Partners

  • Banking & Audit Support

📊 Taxation of Partnership Firms

  • Taxed as a separate entity (not as individuals)

  • Flat 30% income tax + applicable surcharge (12%) + cess (4%)

  • No presumptive taxation under Section 44AD

  • Deed must define partner remuneration and interest

  • Partners taxed individually on their income share

  • Remuneration and interest must comply with limits under Section 40(b) to be deductible

  • Losses can be carried forward and set off only if the firm is registered under the Income Tax Act

🧠 Partnership vs LLP vs Private Limited

FeaturePartnershipLLPPrivate Ltd
Legal IdentityNoYesYes
Partner LiabilityUnlimitedLimitedLimited
ComplianceLowMediumHigh
Tax RateFlat 30%Flat 30%25–30%
Investor FriendlyNoNoYes
Recommended ForLocal businessesConsultantsScalable startups

⚖️ Partnership Firm Legal Limitations

While it’s perfect for simple setups, a partnership firm is not ideal for:

  • Businesses needing external investment

  • Operations with high liability risk

  • Companies planning to raise equity

  • Venture-backed or tech startups

  • Businesses with >20 partners

For such use cases, consider switching to LLP or Private Limited Company.

Why Choose us

Experts Handle Everything

CA & CS professionals manage every step of your registration.

Live Status Updates

Track your application in real time via MCA dashboard.

Transparent Flat Pricing

Starts at ₹11,200 + govt fees — no hidden costs.

Fast Processing Time

Get your company registered in just 8–12 days.

Startup-Trusted Platform

Over 2,000 startups rely on our streamlined services.

Zero Surprise Fees

What you see is what you pay — simple and clear.

Knowledge Proficiency

Extensive knowledge and proven proficiency to deliver exceptional results.

Minimized Risk Approach

A strategic approach designed to reduce risks and ensure reliability and efficiency .

Tangible Outcomes

Clear, quantifiable outcomes that demonstrate the effectiveness of our efforts.

Tailored Solutions

Bespoke solutions designed to meet the unique needs of your business.

FAQs — Your Top Questions Answered

1. What is a Partnership Firm?

A partnership firm is a business structure where two or more people come together to run a business and share profits.
It is governed by the Indian Partnership Act, 1932, and can be registered or unregistered.

2. Is registration of a partnership firm mandatory?

No, it's not mandatory, but registration is highly recommended.
Only registered firms can enforce legal rights in court and participate in tenders or apply for bank loans.

3. How many partners are required to start a partnership firm?

A minimum of 2 partners is required, and the maximum is 20 (for general businesses).
Each partner must be legally competent (i.e., of sound mind and not a minor).It simplifies registration by combining company incorporation, DIN, PAN, TAN, and other services in one place.
The filing is done entirely online via the MCA portal.

4. What is a Partnership Deed?

A Partnership Deed is a written legal agreement that outlines roles, responsibilities, capital contributions, and profit-sharing ratios.
It helps prevent disputes and is mandatory for registration.

5. Can a partnership firm have a PAN and bank account?

Yes, a partnership firm must obtain a PAN card in its name.
A current account can be opened using the PAN, Partnership Deed, and other business KYC documents.

FAQs — Your Top Questions Answered

6. Is GST registration required for a partnership firm?

Yes, if the firm crosses the turnover threshold (₹40 lakh for goods or ₹20 lakh for services), or if it engages in inter-state or e-commerce supply.

7. Can a partnership firm be converted into LLP or Private Limited Company?

Yes, partnership firms can be legally converted into an LLP or Pvt Ltd company with proper documentation and ROC filings.
This is often done for liability protection and scalability.

8. What is the tax rate for partnership firms?

Partnership firms are taxed at a flat rate of 30% + cess/surcharge.
Remuneration and interest paid to partners are allowed as deductible expenses under certain limits.

9. How long does it take to register a partnership firm?

It usually takes 5–7 working days to draft the deed, notarize it, and file for registration with the Registrar of Firms.
The timeline may vary by state.

10. What are the annual compliance requirements for a partnership firm?

Compliance is minimal. The firm must file an income tax return (ITR-5) annually.
If registered under GST, regular GST filings are also required.

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