Partnership Firm Registration
The simplest way for two or more people to trade together.
A partnership is cheap to form and light to run, and the reason to think twice is liability: partners are jointly and severally liable without limit for what the firm owes. For anything carrying real trading risk, an LLP costs a little more and removes that exposure.
The deed is the part that matters. Profit shares, what each partner contributes, who can sign, what happens when one leaves — a deed that omits these is what a partnership dispute is usually about.
Registration with the Registrar of Firms is optional in most states but worth doing: an unregistered firm cannot sue to enforce a contract.
What is included
- Partnership deed drafted to your terms
- Stamping at the correct state value
- Firm PAN application
- Registrar of Firms filing where applicable
What we need from you
- PAN and Aadhaar for every partner
- Passport-size photographs
- Proof of the business address
- Agreed profit-sharing ratio and capital contribution
Questions
Is registering a partnership firm compulsory?
Not in most states, but an unregistered firm cannot file a suit to enforce a contractual right against a third party or between partners. That limitation is usually reason enough to register.
Partnership or LLP?
An LLP if the business carries trading risk — partners are not liable for each other or beyond their contribution. A partnership if the work is low-risk and you want minimal annual filing.
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Talk to us
Get started with Partnership Firm Registration
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
- A qualified accountant on the call, not a call centre
- A firm quote before any work begins
- Your details are never sold or shared