Partnership Firm Registration
- Partnership firm registration deed drafted within 3 days, completely online & hasslefree
- Transparent process through follow-up and regular updates
Right plan for your business
Ledger Crafter experts register over 1500 companies every month.
Starter
Ideal for starting Partnership registration+ Govt. Fee
EMI option available.
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What you'll get -
Expert assisted process
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Partnership deed drafting in 3 days
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Deed submission to the local registar on your behalf
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PAN Card
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Zero balance current account with 7% interest
Standard
Perfect for Partnership registration + GST registration+ Govt. Fee
EMI option available.
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What you'll get -
Expert assisted process
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Partnership deed drafting in 3 days
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Deed submission to the local registar on your behalf
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PAN Card
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GST registration
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GSTR-1 & 3B for 12 months(Up to 300 transactions)
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Accounting software (1 year license)
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Zero balance current account with 7% interest
Premium
Complete solution for Partnership registration+ Govt. Fee
EMI option available.
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What you'll get -
Dedicated account manager
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Partnership deed drafting in 3 days
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Deed submission to the local registar on your behalf
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PAN Card
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GST registration
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GSTR-1 & 3B for 12 months(Up to 300 transactions)
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Accounting software (1 year license)
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zero balance current account with 7% interest
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Trademark Registration for your Brand
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ITR Filing for one financial year (Up to 10 lakhs)
Documents Required for LLP Registration
Identity and Address Proof
Scanned copy of PAN card or passport (foreign nationals & NRIs)
Scanned copy of voter ID/passport/driving
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned passport-sized photograph specimen signature (blank document with signature [directors only)
Registered Office Proof
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned copy of notarised rental agreement in English
Scanned copy of no-objection certificate from the property owner
Scanned copy of sale deed/property deed in English (in case of owned property)
Limited Liability Partnership Registration Process
What we will do
What Is Partnership Firm?
Partnership Company registration in India is an arrangement between two or more people to conduct business operations together. In this type of partnership, profits and liabilities are shared among members, making it a common choice for small businesses and entrepreneurs.
A business established by two or more partners with the goal of achieving a profit is called a partnership firm registration. There are benefits to registering a partnership firm. The legal document used to establish a partnership company registration is known as a partnership deed.
The Indian Partnership Registration Act of 1932 is the primary governing partnership registration law in India. A partnership, as defined by the law, is a union of individuals who have consented to divide the profits from a company that they all, or any of them, act for a banking business. A partnership firm registration can only have a maximum of 10 members, whereas for other enterprises, it can have a maximum of 20 members.
While the partners are separate legal entities, partnership firms are not. A partnership firm registration is not permitted to be a debtor, creditor, or property owner. According to the law, the assets, liabilities, and credit of a partnership registration firm belong to the partners. To prevent future misunderstandings, the partnership agreement must specifically state how profits and losses will be distributed among the partners. Each partner is allowed to conduct business on behalf of the others.
Given its low expenses, simplicity of setup, and lack of stringent compliance requirements, it makes sense for some businesses, such as home-based ones that are unlikely to go into debt to register themselves as partnership firms. General partnerships have an optional registration process. To draft a current original partnership deed registration format, get in touch with our Vakilsearch experts right away. If there are fewer than two partners after a partner’s death, incapacitation, or resignation, the partnership firm registration will be dissolved.
Documents Required for Partnership Firm Registration
Registering a partnership firm in India is a common business structure that allows two or more individuals to collaborate and share responsibilities, making it essential to complete the necessary documentation and legal formalities for a smooth and compliant operation. Documents required for partnership firm registration are as follows.
- Partnership Deed
- Address Proof
- Identity Proof of Partners
- Passport-sized Photographs
- Address Proof of Partners
- Registration Certificate (if applicable)
- Bank Account Proof
- Specimen Signature
- Partnership Firm’s PAN Card
- GST Registration (if applicable)
- Power of Attorney
- NOC from the Property Owner
- Affidavit
Steps for Partnership Firm Registration Online
- Step 1: Submit a Register Partnership Firm Application
The Registrar of Firms in the state where the company is located must receive an application form and the required fees. All partners or their representatives must sign and verify the registration application. - Step 2: Choosing the Name of the Partnership Firm
A partnership firm registration can be referred to by any name. But make sure they abide by the rules—for example, no two names should be the same, nothing related to the government, etc. - Step 3: Registration Certificate
The firm will be registered in the Register of Firms and given the Registration Certificate if the Registrar is pleased with the registration application and supporting documentation. All firms’ most recent information is available in the Register of Firms, which anybody can access for a fee.
Partnership Deed Online Registration Fees
Depending on the contribution of the partners, different states have different government fees for registering a partnership firm in india. However, the Vakilsearch Partnership Firm Registration Online Plan allows you to register a partnership firm online.
Start your partnership firm registration online at Just ₹999
The following services are included in the partnership firm registration online plan cost:
- Application PAN
- Drafting partnership agreements
- Documents must be filed with the Registrar of Corporates (RoC), including a deed
- 100% online registration certificate issuance
- Expert consultation.
Partnership Vs. Hindu Undivided Family
Depending on the contribution of the partners, different states have different government fees for registering a partnership firm in india. However, the Vakilsearch Partnership Firm Registration Online Plan allows you to register a partnership firm online.
Start your partnership firm registration online at Just ₹999
The following services are included in the partnership firm registration online plan cost:
- Application PAN
- Drafting partnership agreements
- Documents must be filed with the Registrar of Corporates (RoC), including a deed
- 100% online registration certificate issuance
- Expert consultation.
| Partnership | Hindu Undivided Family (HUF) |
|---|---|
| A partnership is a type of business organisation in which two or more people come together to carry on a business. | HUF is a type of business organisation in which the family members of a Hindu undivided family collectively own and manage the business. |
| A partnership is governed by the Indian Partnership Act, 1932. | HUF is governed by the Hindu Succession Act, 1956. |
| A partnership deed, which outlines the partnership’s terms and conditions, including the profit-sharing ratio, each partner’s capital commitment, their respective roles and responsibilities, etc., creates a partnership. | HUF is created by the operation of law, that is, by the birth of a male child in a Hindu undivided family. |
| Each partner’s responsibility in a partnership is uncapped. This indicates that the partners are liable for the debts and obligations of the partnership jointly and severally. | In an HUF, the liability of the members is limited to the extent of their share in the HUF property |
| A partnership can have a maximum of 20 partners in a general partnership and 50 partners in a banking business. | There is no upper limit for the total number of members in the HUF. |
| A partnership is a separate legal entity | HUF is not a separate legal entity |
| In a partnership, the partners divide the company’s gains and losses according to the proportion specified in the partnership deed. | In a HUF, members split the business’s gains and losses proportionately to their ownership stakes in the HUF’s assets. |
| Partnership firm is dissolved based on the mutual consent from every partner or through legal operations | An HUF can be dissolved by the members of the HUF or by operation of law. |
| In a partnership, the partners have the right to manage the business and make decisions jointly. | In an HUF, the karta or head of the family has the right to manage the business and make decisions on behalf of the family. |
Partnership Firm Registration FAQ's
To register a partnership firm in India, you need several documents, including:
1. Application for Registration (Form 1).
2. A duly signed and notarized Partnership Deed.
3. Proof of the principal place of business (like rent agreement or property documents).
4. ID and Address proof of all partners.
5. Affidavit stating the willingness of the partners. Please consult a legal advisor for comprehensive information.
Yes, a partnership firm can be converted into a company in India. This is governed by Section 366 of the Companies Act, 2013. There are specific procedures and requirements to be followed for the conversion.
Yes, An audit is mandatory for all partnership firms in India. As per the Income Tax Act, only those firms whose turnover exceeds ₹1 crore in case of a business, or ₹50 lakhs in case of a profession, during a financial year need to get their accounts audited.
No, the preparation of a Partnership Deed is not compulsory for registering a partnership firm. It is a document that outlines the rights, duties, and responsibilities of each partner and the terms of the partnership. But it is recommended to draft a deed. Get in touch with our legal experts today!
The timeline can vary, get in touch with our expert and get basic legal advice.
Converting a partnership into a private company involves several steps:
1. Obtain No Objection Certificate (NOC) from the secure creditors, if any.
2. Apply for the Director Identification Numbers (DIN) for all partners.
3. Apply for the Digital Signature Certificate (DSC) for all partners.
4. File Form URC-1 with the Registrar of Companies.
5. Submit all necessary documents (like the Partnership Deed, Statement of Accounts, etc.).
6. Once approved, the Registrar of Companies will issue a Certificate of Incorporation, which signifies the completion of the conversion. Consult our compliance expert today!
To formalise a partnership firm in Tamil Nadu, specific prerequisites must be met:
Minimum Number of Partners: The formation of a partnership requires a minimum of two partners.
Drafting a Partnership Deed: The partners are obligated to prepare a partnership deed, which delineates the terms and conditions of their cooperation.
Partnership Deed Stamping and Notarization: It is crucial to have the partnership deed stamped and notarized, signifying its legal validation.
Obtaining a Permanent Account Number (PAN): The partners must secure a PAN for the firm, which serves as its unique tax identification.
Additionally, certain necessary documents are required from the partners. These include:
- PAN Card
- Aadhaar Card
- Driver’s License
- Passport
- Voter ID
- Sale deed (in case a partner owns the premises)
- Rental agreement copy (if the property is rented)
- Latest electricity bill (not more than 3 months old)
These prerequisites and documents collectively enable the formal registration of a partnership firm in Tamil Nadu, ensuring it functions within the legal framework
Yes, a partnership firm registered in Delhi can operate in other states as well. However, if you plan to establish branch offices or carry out business activities extensively in other states, you may need to comply with additional requirements, such as obtaining necessary licenses or registrations specific to those states.
The stamp duty for partnership deeds in Haryana is generally a fixed fee of INR 1,000, regardless of the amount of capital involved in the partnership. However, rules and rates can change, and the stamp duty can vary based on factors like the nature of the partnership, the total capital involved, and other specific details.
To register a partnership firm in Madhya Pradesh, the following criteria must be met:
- The firm must have at least two partners.
- The partners must be competent to contract.
- The partners must agree to share profits and losses.
- The firm’s business must be lawful.
