Partnership Firm Registration
Form Your Partnership: Streamline, Secure, Succeed
Joining forces with a partner? A partnership firm registration offers a powerful structure to propel your business idea. But before you dive in, ensure a smooth launch with proper registration.
- Partnership Deed Drafting
- PAN & TAN
- Tax Saving Guide
- Legal Support
- Timely work
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Here's How LegalShark works !
Register your partnership firm in 3 easy steps.
1. Fill Form
Simply fill the above formto get started.
2. Call to discuss
Our expert will connect with you
3. Get Deed
Get your partnership Deed
Benefits of Registering Your Partnership Firm:
Easy To Formation
Our streamlined process guides you through registration, eliminating complex paperwork and delays.
Easy to Manage
Shared decision-making, combined expertise, and flexible partnership agreements create a transparent and efficient management structure.
Easy to Windup
If your paths diverge, the windup process for a partnership is generally simpler compared to other structures.
Not sure if about partnership? Reach out to our Helpdesk for assistance. Call us at +91 9839647333
Eligibility for Partnership Firm Registration in India
To register a partnership firm in India, certain eligibility criteria must be met:
Benefits
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Partnership Agreement
A valid partnership agreement is required, outlining the terms and conditions agreed upon by the partners. This includes details such as the firm name, business objectives, profit-sharing ratios, capital contributions, and partner roles.
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Minimum Number of Partners
A partnership firm must have a minimum of two partners, and there is no maximum limit, although some professions may have restrictions on the number of partners.
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Partner Qualifications
All partners must be competent individuals capable of entering into a legal agreement. They should be of sound mind, not disqualified by law, and able to fulfill their obligations as partners.
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Registered Office
The partnership firm must have a registered office address in India, which serves as the official correspondence and legal address.
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Unique Firm Name
The partnership firm must choose a unique name that is not identical or similar to any existing registered firms or trademarks. Conducting a name search is advisable to ensure availability and compliance.
Documents require for Partnership Registration in India
- Partnership Deed
- Identity Proof (Aadhaar card, PAN card, passport, etc.)
- Address Proof (Aadhaar card, utility bills, rent agreement, etc.)
- PAN Card (partnership firm and partners)
- Passport-sized Photographs
- Proof of Registered Office
- NOC from Landlord (if office is rented)
- Partnership Firm Name Approval
- Business Bank Account Proof
- Additional documents as per jurisdiction
What Types of Partnership Firm in India?
Here are the different types of partnership firms in India:
| Type of Partnership Firm | Description |
|---|---|
| General Partnership | In a general partnership, all partners have unlimited liability and share equal rights and responsibilities in the management of the firm. Each partner is liable for the debts and obligations of the partnership. |
| Limited Partnership | A limited partnership consists of both general partners and limited partners. General partners have unlimited liability and actively participate in the management of the firm. Limited partners, on the other hand, have limited liability and do not participate in day-to-day operations. They primarily contribute capital to the partnership. |
| Limited Liability Partnership (LLP) | An LLP is a separate legal entity where partners have limited liability. It combines elements of a partnership and a corporation. Partners are not personally liable for the debts and obligations of the LLP, and they have flexibility in managing the firm. LLPs are governed by the Limited Liability Partnership Act, 2008. |
| Cooperative Society | A cooperative society is formed by individuals with common economic, social, or cultural interests. It is managed democratically, with members having equal rights and responsibilities. Cooperative societies operate for the mutual benefit of their members. |
| Joint Venture | A joint venture is a temporary partnership formed for a specific project or venture. Two or more entities come together to combine their resources and expertise to achieve a common objective. Joint ventures are typically governed by a separate agreement. |
| Public Private Partnership (PPP) | PPP is a partnership between the government and a private entity for the provision of public services or infrastructure projects. The government and private entity share the risks, investments, and responsibilities as per the terms agreed upon in the partnership agreement. |
Comparison: LLP vs. Partnership Firm vs. Pvt Ltd Company
Here’s a comparison table highlighting the key differences between LLP (Limited Liability Partnership), Partnership Firm, and Private Limited (Pvt Ltd) Company:
| Comparison | LLP | Partnership Firm | Pvt Ltd Company |
|---|---|---|---|
| Liability | Limited | Unlimited | Limited |
| Separate Legal Entity | Yes | No | Yes |
| Registration | Required | Optional | Compulsory |
| Number of Partners | 2 or more | 2 or more | 2 to 200 |
| Management | Managed by partners | Managed by partners | Managed by directors |
| Ownership Transferability | Not Transferable | Not Transferable | Transferable |
| Taxation | Pass-through | Pass-through | Separate Taxation |
| Annual Compliance | Mandatory | Not Mandatory | Mandatory |
| Minimum Capital Requirement | Not Required | Not Required | Required |
Why Chose LegalShark For Partnership Registration in India?
We make registration easily and fully comply with the MSME law.
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Top FAQs about Partnership Registration in India
Registration is not mandatory, but highly recommended. It offers legal benefits and strengthens your business image
We covered these in the previous content: Limited Liability, Shared Expertise & Resources, Simplified Compliance & Flexibility
This will vary slightly depending on your location. Generally, you’ll need a partnership deed, PAN card, address proof, and partner details.
Yes, in many jurisdictions online registration is available. We can guide you through the process.
A partnership deed is a legal document outlining the rights, responsibilities, profit-sharing, and management structure of the partnership.
The windup process typically involves settling debts, dividing assets as per the partnership deed, and notifying relevant authorities.
