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Partnership Firm

Partnership Firms in India are governed by the Indian Partnership Act, 1932. As per Section 4 of the Indian Partnership Act:-

“Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all”

Thus as per the above definition, there are 5 elements which constitute of a partnership namely:

  1. There must be a contract;
  2. Between two or more persons;
  3. Who agree to carry on a business;
  4. With the object of sharing profits and
  5. The business must be carried on by all or any of them acting for all.

What documents are required to register a Partnership Firm In India?

  1. Identity Proof - Aadhar & PAN Card of all Partners
  2. Email Address and Mobile Number of all Partners
  3. Required Business Name
  4. Address Proof - Latest Utility Bill, Sale Deed or Rent Agreement with NOC
  5. Passport size photos of all Partners
  6. Nature of Business(Goods/Services)

Partnership Firm Registration Process

  1. Select the suitable name for partnership
  2. Draft Partnership Deed (Essentials)
    • Name & address of the firm
    • Complete information about partners such as name, address, contact details, etc
    • Nature and activities of the business
    • Duration, if any
    • Contribution of each partner
    • The ratio in which the profit will get shared amongst the partners.
  3. Finalise the partnership deed as per the prescribed format
    • Once all the information is collected, and the final deed is drafted, you need to print it on a stamp paper of the appropriate value.
    • Next, the Deed must be signed by all partners and two extra witnesses.
    • The stamp paper for partnership deed registration should be in the name of either the firm or the partners.
  4. Stamp Duty and Fees

    -Complete the registration process by final submission of the application along with the payment of prescribed fees and stamp duty for partnership registration. Fees and stamp duty depends upon the state in which the firm is registered

  5. PAN Application for partnership firm

₹ 5000

  • MSME Registration
  • GST Registration




For more details

₹ 7500

  • GST Registration
  • MSME Registration
  • Shop Establishment Licence (for Mumbai)
  • GST Return Filling for 3 months
For more details