Partnership Firm Registration

Partnership Firm

A partnership firm registration is a process of registering a firm under the Indian Partnership Act, 1932, in which two or more people enter into an agreement to share profits as well as the liabilities of a business conducted together.

• Minimum 2 partners need, no limit defined by law

• Eligible partners, individuals, companies, or LLPs can be partners

• Foreign nationals and minors cannot be partners of a firm

• Capacity under Indian Contract Act,1872, partners should be of sound mind, not prohibited by law, and at least 18 years of age.

Step-by-Step Process for Partnership Firm Registration

To register a partnership firm in India, you need to follow a structured process as outlined under the Indian Partnership Act, 1932. Below is a simplified step-by-step guide to help you through the registration process:

• Step 1: Draft the Partnership Deed – Make a legal document that explains the partners' role, profit-sharing ratio, and business terms. Our legal experts draft a customised and legally sound partnership deed tailored to your business needs.

• Step 2: Gather necessary documents – ID proof, proof of address of partners, and proof of address of the firm.

• Step 3: Apply to the Registrar of Firms – File the application form along with the partnership deed and other documents. Our team handles the entire filing process on your behalf, ensuring accuracy and timely submission.

• Step 4: Pay prescribed government fees – Differs from state to state for partnership firm registration. We calculate the applicable fees for your state and facilitate secure, on time payments.

• Step 5: Verification by Registrar – Documents and deeds are scrutinised for compliance. Our team coordinates with the Registrar’s office and promptly addresses any queries or clarifications.

• Step 6: Receive Certificate of Registration – The firm is formally registered and legally recognised. Our team delivers your Certificate of Registration promptly, completing your firm’s legal setup.