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The easiest type of business structure where two or more people come together to share profits in an agreed ratio. Register the Partnership Firm with the most trusted Experts.

INR 4,999/- including Govt. Expenses

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Package Inclusions:

  1. Drafting of Partnership Deed

  2.  Notary and Stamping of Partnership Deed

  3.  Filling of Partnership Firm Registration Form

  4.  Filling of PAN application for Partnership Firm

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Overview

Partnership is a group of people who come together to start something as a team for the purpose of managing a business enterprise and sharing its profits or losses. A partnership can be between a minimum of two people or more where people come together to pool skills, resources, and money. The profit and loss faced by a Partnership Firm is divided between the partners of the firm as per mutually agreed Partnership Deed.

In the Partnership each partner has full power to act for the firm in carrying on its business thus, partners act as proprietors and also as agents of other partners. Each partner is individually liable to third persons for the obligations incurred for the firm but is also equally liable for obligations incurred by other partners when they are acting within the scope of the firm’s business.

Unlike Companies, a Partnership Firm does not have a legal entity separate and apart from its partners. Therefore earnings of the partnership is taxed as personal earnings of the partners. Partnership Firm does not have perpetual existence which means the death of all partners will result in dissolution of partnership. Agreement is most essential thing for starting business in partnership which will help partners to get a decision for any circumstance that may arise in future. In India, partnership is not necessarily required to be registered, however to enforce its rights, the Partnership Firm must be required to be registered.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Partnership Firm registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages of partnership

Easy to Start & Manage

It is very easy to start and manage as a Partnership Firm is not required to get itself registered mandatorily. Also, since the terms are defined in agreement it is easy to manage a Partnership.

Sharing of the responsibility

The responsibility is shared by all partners as per the agreement. Other than the profit and the loss, the duties & authorities are also divided between the different partners.

Easy Name availability

Since a Partnership Frim is not required to be registered as a Company, it can use any business name of its choice unless it applies for Trademark.

Not Audit required

Generally Audit is not required for a Partnership Firm unless it crosses certain threshold. Also, Annual return is not required to be filed with the registrar of firms as is required for a LLP.

Partnership Deed

A Partnership Firm runs on the basis of a written agreement between partners which is called as Partnership Deed where all the roles and responsibilities of Partners are clearly mentioned and registered with registrar of firms.

Process of registration for partnership

  • 1

    Drafting Partnership Deed

    The Partners are required to finalise the terms between them like the profitability ration and other important points which is to be entered into the Partnership Deed.

  • 2

    Filing of Application From

    The application form of the partnership is filled in prescribed form with the regional Registrar of Firms with prescribed Fees.

  • 3

    Issuance of COI

    After submitting the documents and payment of the registration fee, the Registrar issues a Certificate of Incorporation.

  • 4

    Apply for PAN

    Once the Certificate of Registration is issues by the Registrar, one must apply for the PAN of Partnership Firm.

Documents required

  • PAN Card of all the Partners
  • Identity Proof and Address Proof of all Partners
  • Address Proof of Partnership Firm
  • Certified True Copy of Partnership Deed
  • Authorized Letter, authorizing a partner as authorized signatory
  • Application for Registration of Partnership in Form No. 1
  • Attested affidavit
  • How Complykart helps in this Entire Process

    Consulting

    Our Partnership Firm Registration experts will provide you best consultancy on Registration procedure and the required documents to be provided.

    Help in preparing Relevant Documents

    We help our clients in preparation of application and necessary documents to be presented to Registrar of Firms.

    Filing of Document with Registrar

    We will fill the Form-I with the Registrar along with necessary documents required for getting the approval which is obtained within 10 -12 days.

    Follow-Up

    Our experts continuously follow up with the development with the Authorities and ensure speedy registration process.

    Compare Your Options

    Private Limited Limited Liability Partnership Partnership Firm One Person Company Proprietorshup Firm
    Ideal For entrepreneurs with Vision Profesionals & small Traders Small Businesses Firms Indivisual Promoter Small Business
    Venture Capital Fundind Available Available Not Available Not Available Not Available
    Limited Liability Protection Limited on Promoters Limited on Promoters Unlimited Liability Limited on Promoter Unlimited Liability
    Existence of Business Perpetual Existence Perpetual Existence No Perpetual Existence Perpetual Existence No Perpetual Existence
    Tax Advantage Fewer Benefits Maximum Benefits No Benefits Fewer Benefits No Benefits
    Compliances High Low Minimum High Minimum
    Time taken in Incorporation 7-8 Days 20-25 Days 5 Days 7-8 Days 5 Days
    Cedibility High High Low Low Minimum
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