Matter
Partnership Firm Registration
The simplest way for two or more people to trade together. The deed is what matters — profit share, authority, admission and exit — and a generic template is where partnerships go wrong.
This engagement covers
- Deed drafting
- Stamping
- Registration
- PAN and TAN
- Bank and GST readiness
“They set up our Private Limited in under two weeks and explained every form before we signed it. The fee never moved from the first quote.”
Requisition
SH/START/PARTNE
- Governed by
- Indian Partnership Act, 1932
- Filed with
- Registrar of Firms of the state
- Typical timeline
- 7–14 working days
- Minimum people
- 2 partners
- Liability
- Unlimited and joint
Overview
Best suited to. Small trading and service businesses with two or more owners who want a light structure and are comfortable with unlimited liability.
How we price it. One fixed professional fee, agreed in writing before any work begins, with government fees and statutory charges itemised separately and payable at actuals. If the scope changes, we tell you before doing the work.
What’s included
- 01
Deed drafting
Profit share, capital, drawings, authority limits, admission, retirement and dispute resolution — written for your firm, not filled into a form.
- 02
Stamping
Executed on stamp paper of the correct value for your state. An under-stamped deed is unenforceable when you need it most.
- 03
Registration
Filed with the Registrar of Firms, which is what lets the firm sue to enforce a contract.
- 04
PAN and TAN
Applied for in the firm's name so it can invoice, bank and deduct tax from day one.
- 05
Bank and GST readiness
The document set banks and the GST portal will ask for, prepared alongside.
Documents required
Collected once, digitally. We check the whole set before anything is filed — document problems are what turn a two-week job into a six-week one.
From every partner
- PAN card
- Aadhaar card
- Passport-size photograph
- Address proof not older than two months
For the firm
- Proposed firm name
- Place of business proof — utility bill, rent agreement and owner's NOC
- Capital contribution and profit-sharing ratio agreed between partners
How it works
- Step 01
Terms agreed
We take you through the decisions that matter — authority, drawings, exit — before drafting anything.
- Step 02
Deed drafted
Drafted, circulated for comment and finalised. You see the whole document, not a summary.
- Step 03
Executed and stamped
Signed on correctly valued stamp paper and notarised where required.
- Step 04
Registered
Filed with the Registrar of Firms, with PAN and TAN applied for in parallel.
Questions
Q1Is registration compulsory?
Not strictly, but an unregistered firm cannot sue to enforce a contract against a third party or a partner. In practice that makes registration essential for any firm that intends to take on real commitments.
Q2What is the liability position?
Unlimited and joint. Partners are personally liable for the firm's debts. If that exposure worries you, an LLP gives you the same working structure with liability limited to contribution.
Q3Can we change the deed later?
Yes, by executing a supplementary deed and filing the change. Admissions, retirements and changes to profit share all need documenting properly.
Q4How is a partnership taxed?
The firm is taxed as a separate entity at the applicable rate. Partners are taxed on remuneration and interest received, within the limits allowed under section 40(b), while the share of profit is exempt in their hands.
Something specific to your situation? Ask us directly — we answer within one working day.
Next step
Get a written quote for partnership firm.
Tell us your situation in one message. We come back with the scope, the documents required and the total cost — before any work begins.