Minimum Two Partners
At least two persons are required to form a partnership firm.
BUSINESS REGISTRATION
Partnership Firm Registration
Start your business with the right partners, a clear partnership deed and a simple registration process.
Minimum 2 Partners
Simple Setup
Expert Assistance
PARTNERSHIP FIRM
Build Together.
Grow Together.
Grow Together.
A simple business structure for two or more people joining together to operate a business and share its profits.
02+
Partners
1932
Partnership Act
Partnership Firm
What is a Partnership Firm?
A partnership firm is an organisation formed by two or more persons to carry on a business with the objective of earning profit. Each member is known as a partner, and together they form the partnership firm.
Partnership firms in India are governed by the Indian Partnership Act, 1932. The partners define their responsibilities, profit-sharing ratio and other terms through a partnership deed.
Basic Requirements
What You Need to Get Started
Setting up a partnership firm needs only a few basic requirements to establish the business relationship between the partners.
Capital Contribution
The partners mutually decide the capital contribution and terms through the partnership deed.
Benefits
Why Choose a Partnership Firm?
Flexibility and relatively straightforward administration for businesses run by multiple partners.
01
Easy Registration
Partnership firms can be established through a comparatively simple registration process.
02
Cost Effective
Formation and administration can be less expensive than some other business structures.
03
Shared Expertise
Partners can contribute different skills, experience and knowledge to the business.
04
Simpler Compliance
Compliance requirements can be comparatively straightforward depending on the business.
05
Flexible Operations
Partners have flexibility in deciding how the business is managed and operated.
06
Sharing of Risk
Business responsibilities, resources and risks can be shared among the partners.
Registration Process
Simple Steps to Register Your Firm
Our team assists you through the documentation, partnership deed and registration process.
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Step 01
Fill Up the Application Form
Share the basic details of the proposed partnership and partners.
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Step 02
Provide Required Documents
Submit the required identity, address and business premises documents.
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Step 03
Drafting of Partnership Deed
Prepare the partnership deed containing the agreed terms and responsibilities.
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Step 04
Apply for PAN / TAN
Complete the applicable tax registrations for the partnership firm.
Document Checklist
Documents Required for Partnership Registration
Keep the following documents ready to make the registration process smoother and faster.
Complete Documentation SupportOur team helps you organise and prepare the required documents.
01
Partnership Deed
Notarised true copy of the Partnership Deed containing the agreed terms.
02
Business Address Proof
Ownership proof, electricity bill, water bill, rent / lease or leave and licence agreement.
03
PAN Card of Partners
Copy of PAN Card of the partners.
04
Identity Proof
Aadhaar Card, Voter ID or other applicable identity proof.
Partnership Deed
Information Generally Included
- Name of Firm
- Nature of Business
- Principal Place of Business
- Other Business Locations
- Date Each Partner Joined
- Names & Addresses of Partners
- Duration of the Firm
- Other Agreed Terms
Registration Package
Partnership Firm Incorporation Package
Everything you receive when we register your partnership firm.
Partnership Deed
Two copies of the Partnership Deed.
Rubber Stamps
Rubber stamps required for the partnership firm.
Bank Account Guidance
Guidance to open a local business bank account.
Why MyBizPA
Professional Support From Start to Setup
From documentation to registration support, our team simplifies the partnership formation process so you can focus on building your business.
Talk to an ExpertFast Service
Efficient handling of your registration process.
Time Compliant
Process and documentation tracked systematically.
Expert Advice
Professional guidance throughout the process.
Experienced Team
Dedicated support for business registration needs.
Complete Assistance
Support from documentation to registration.
Privacy Focused
Your business information is handled responsibly.
One Roof
Access multiple business support services in one place.
Compliance Reminders
Guidance and reminders for applicable compliances.
Business Structures
Partnership Firm Comparison
A quick overview of how a partnership firm differs from other commonly used business structures.
| Feature | Partnership Firm | LLP | Private Limited |
|---|---|---|---|
| Minimum Persons | 2 | 2 | 2 |
| Separate Legal Entity | Generally No | Yes | Yes |
| Liability | Generally Unlimited | Limited | Limited |
| Management | Partners | Partners / Designated Partners | Directors |
| Compliance | Comparatively Simple | Moderate | Higher |
| Equity Shares | Not Applicable | Not Applicable | Available |
Our Clients
Supporting Businesses Across Different Industries
Manufacturing
Trading
Professional Services
Consulting
Family Businesses
Growing Businesses
TESTIMONIALS
What Our Clients Say About Us
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READY TO GET STARTED?
Start Your Partnership With Confidence.
Let our experts help you with documentation, partnership deed preparation and registration support.