Partnership Registration in India

Partnership Business Registration in India

Partnership Business Registration is now easy when done by FileFunda. We provide quick and affordable service to start a partnership business through 100% online process (WhatsApp your documents we will do the rest).

Only at ₹3999*

*GST registration and Trademark registration fee will be extra, if opted for.

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OVERVIEW

Start a Partnership Business Today

The partnership is the simplest form of business for more than one owner. You can start functioning as a partnership firm within the same day. Get your partnership deed same day, apply for a PAN and open a Bank Account. We will help you at all stages.

Start your Partnership Firm quickly with our experience of 19+ years of delivering quality professional services. Our dedicated team will help you to draft the partnership deed for your partnership firm across India. The registration of the firm is optional. However, it would be best if you get the firm registered with the Registrar of Firms.

BENEFITS

Advantages of Partnership Business in India

Operating Flexibility

A Partnership firm is operated on the basis of the Partnership deed executed by the partners, mutually. The partners can decide how to operate the business with their mutual consent. Also, the Partnership Deed can be changed according to the requirement even after partnership deed registration is completed.

Easy to Establish

A partnership is generally easier to form, manage and run. They are less strictly regulated than companies, in terms of the laws governing the formation and because the partners have the only say in the way the business is run .

Minimum Compliances

Partnership business compliances are minimum, no RoC filings, no mandatory meetings but irrespective of the revenue or loss, the Partnership firm needs to file an Income tax return (ITR-4 or ITR-5).

Audit not required

As per the Income Tax Act, 1961, Tax Audit of partnership firm is mandatory if the turnover/ gross receipt exceeds Rupees One Crore in case of business and Rupees twenty five laces in case of profession.

ONLINE REGISTRATION

Documents required for a Partnership Business Startup

PAN Card

PAN Card of all partners

Identity Proof

Aadhar card and Voter ID/ Passport/ Driving License of all partners.

Phtograph

Latest Passport size photograph of Shareholders and Directors.

Business Address Proof

Latest Electricity Bill/ Telephone Bill of the registered office address.

NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

Formulation of Company Name

Unique Name

Mainly it builds the brand and preferably be a coined word

Business Object

The second part of the name should suggest the business activity of the Firm

Constitution Type

Name of the firm may end with “Partners” as a suffix but not mandatory.

ONLINE REGISTRATION

THE PROCESS

Start a Partnership in 3 Easy Steps

Process to start a Partnership in India

1. Answer Quick Questions

Pick a Package that best fits your requirements
Fill in our questionnaire that takes less than 10 minutes
Provide basic details & documents required for registration
Make payment through secured payment gateways

Day 1 - 2

Review of documents and information provided

2. Experts available for Help

Assigned Relationship Manager
Documents drafting including Partnership Deed
Application for PAN and TAN

Same Day

Drafting of Deed

3. Your Partnership is done

All it takes is 3 working days*

3rd Day

Deed is delivered and PAN TAN Application is filed.

After Incorporation what you get:

* If opted for GST Registration then only GST Registration Certificate will be given.

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FREQUENTLY ASKED QUESTIONS

Explore Partnership Business

Registration of Partnership deed is compulsory ?

The Partnership Act provides that both registered and unregistered partnerships are valid and recognised by law. Partnership registration is not compulsory but is beneficial due to effects of non-registration. Mostly, the businesses at initial level prefer unregistered partnership till they reach stable level. The unregistered partnership can be registered at any time after its formation.

Hw many partners are required for Partnership?

Minimum 2 partners. (Maximum 50)

Stamp duty for Pasrtnership?

To confirm the validity of the partnership deed, the partners must pay stamp duty required as per the capital of the firm. The amount of stamp duty payable depends on the amount of capital contribution by partners. The rate of duty is prescribed under State Stamp Act and which is different for every State.

Notarization of Partnership Deed is mandatory?

Yes, Notarization of Partnership is mandatory.

Audit is mandatory for Partnership?

Partnership firms do not need to prepare audited statements for each year. However depending on the turnover and a few other criteria, a tax audit statement might be necessary.

Conversion to LLP from Partnership possible?

A partnership firm can be converted to a Private Limited Company or a LLP considering its requirements. However, the procedures to convert a Partnership firm into a Company or LLP are cumbersome, expensive and time-consuming. Thus, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Partnership firm.