Partnership Registration

Partnership firm is ideal for businesses run by 2 or more individuals who want to share profits, responsibilities, and decision-making. Simple to form, easy to manage, and suitable for small to medium enterprises.

What is a Partnership Firm?

A Partnership is a business structure where two or more individuals agree to share the profits and losses of a business. Governed by the Indian Partnership Act, 1932, it’s one of the simplest forms of business organization.

Benefits

• ✓ Easy and quick to form
• ✓ Shared responsibility and workload
• ✓ Combined capital and expertise
• ✓ Minimal compliance requirements
• ✓ Tax benefits for partners
• ✓ Flexibility in management

Types of Partnership

• • General Partnership: Equal rights and liability for all partners
• • Limited Partnership: Some partners have limited liability
• • Partnership at Will: No fixed duration, can dissolve anytime

Documents Required

Registration Process

1. 1. Draft Partnership Deed
   Prepare partnership agreement with all terms and conditions
2. 2. Notarize the Deed
   Get partnership deed notarized on stamp paper
3. 3. Apply for PAN
   Obtain PAN card in the name of partnership firm
4. 4. Additional Registrations
   GST, Shop & Establishment, MSME as per business needs