PARTNERSHIP FIRM REGISTRATION

Ideal business structure for small and medium sized Enterprises going for partnership!

Starting @ Rs. 2499 /-

Get done registration of partnership firm at Cheapest Cost with simple 3 Steps.

WHAT IS PARTNERSHIP FIRM?

Partnership Firm is the most popular forms of business entity in India for the Partners Entrepreneurs. it needs just only 2 Person to Start a Business.

DOCUMENTS REQUIRED FOR PARTNERSHIP FIRM REGISTRATION

1

Passport Size Photo

2

PAN Card

3

AADHAAR CARD

4

BUSINESS DETAILS

5

Electricity Bill

6

Rent Agreement

PARTNERSHIP FIRM RULES

1. Require minimum 2 Partners.

WHAT ALL YOU GET WITH PARTNERSHIP FIRM REGISTRATION

PAN CARD

PARTNERSHIP DEED

MSME REGISTRATION

PROCESS OF PARTNERSHIP FIRM REGISTRATION

First of all you need to fill our company registration form and submit documents.

After submission of your documents you will get partnership deed.

Information provided by user will be authenticated and after that we will apply for name approval.

We will prepare all the documents.

After your Firm registration done, we will provide you all documents related to Partnership Firm.

Partnership Firm Registration – Frequently Asked Questions (FAQs)

1. What is a Partnership Firm?

A Partnership Firm is a business structure where two or more individuals manage and operate a business according to a partnership agreement.

2. How to register a Partnership Firm in India?

You can register a Partnership Firm by drafting a partnership deed and applying with the Registrar of Firms of your state.

3. Is Partnership Firm registration mandatory in India?

No, registration is not mandatory, but it is highly recommended for legal benefits.

4. What documents are required for Partnership Firm registration?

Documents include PAN cards of partners, address proof, partnership deed, and registered office proof.

5. How many partners are required to start a Partnership Firm?

A minimum of 2 partners is required, and the maximum limit is generally 20 partners.

6. What is the minimum capital required for a Partnership Firm?

There is no minimum capital requirement to start a partnership firm.

7. How long does it take to register a Partnership Firm?

It usually takes 5–10 working days, depending on state procedures.

8. What are the benefits of Partnership Firm registration?

Benefits include easy formation, minimal compliance, shared responsibilities, and flexibility.

9. What is the cost of Partnership Firm registration in India?

The cost ranges between ₹2,000 to ₹10,000 depending on state fees and professional charges.

10. What is a Partnership Deed?

A Partnership Deed is a legal document that defines roles, responsibilities, profit-sharing ratio, and rules among partners.

11. Is GST registration required for a Partnership Firm?

GST registration is required if turnover exceeds the prescribed limit or for certain businesses.

12. Can a Partnership Firm open a bank account?

Yes, a registered partnership firm can open a current bank account in its name.

13. What is the role of Registrar of Firms?

The Registrar of Firms handles the registration and records of partnership firms in a state.

14. Can a Partnership Firm be converted into an LLP?

Yes, a Partnership Firm can be converted into a Limited Liability Partnership (LLP).

15. What is the difference between Partnership Firm and LLP?

Partnership firms have unlimited liability, while LLPs offer limited liability protection.

16. What compliances are required after Partnership Firm registration?

Basic compliance includes filing income tax returns and maintaining financial records.

17. Can a minor become a partner in a Partnership Firm?

A minor cannot be a full partner but can be admitted to the benefits of partnership.

18. Is PAN required for Partnership Firm registration?

Yes, a PAN card is required for tax purposes and opening a bank account.

19. Can a Partnership Firm own property?

Yes, property can be held in the firm’s name.

20. What is the liability of partners in a Partnership Firm?

Partners have unlimited liability, meaning personal assets may be used to settle debts.

21. Can a Partnership Firm raise funds?

Funds are usually raised through partners’ contributions or loans.

22. Is audit mandatory for a Partnership Firm?

Audit is required if turnover exceeds prescribed limits under the Income Tax Act.

23. Can I add or remove partners after registration?

Yes, partners can be added or removed by amending the partnership deed.

24. Is Partnership Firm suitable for small businesses?

Yes, it is ideal for small businesses due to low cost and simple setup.

25. Why choose professional services for Partnership Firm registration?

Professionals ensure proper drafting of the deed, legal compliance, and smooth registration.