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Partnership

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Partnership2019-06-07T18:08:43+05:30

Partnership Firm Registration

Online Process | Avail Free Consultation

  • Partnership Deed Drafting
  • Partnership Deed Notarization
  • PAN Card & TAN Number
  • GST Registration

Start your Partnership Firm easily with our experience of 14+ years of delivering quality professional services. Our dedicated team will help you to register your partnership firm across India. We will extend our support in Documentation, Preparation, filing and subsequent Follow-up with the registrar of firms.

Partnership Firm Registration​

How to Start a Partnership Firm

To start a Partnership firm, partners need to enter into an agreement which is popularly known as Partnership Deed. Different states impose different stamp duty on the partnership agreements/deeds, it means while creating a partnership instrument (Deed) the partners must purchase stamp paper of appropriate value as may be applicable in the respective state, to be annexed with the agreement. An agreement can further be notarized. Though registration of partnership Firm is not mandatory under The Partnership Act, 1932, however, section 69 of the act specifies the effect of Non-Registration, according to that an unregistered firm shall not be able to recover any sum more than Rs. 100. Hence, it is strongly recommended to register the partnership firm with the registrar of firms ( ROF).

partnership

Requirement to Start a Partnership Firm

Minimum Two Person

Minimum Two Person Two person is needed to become partners of the firm. However, maximum 20 partners are allowed in a firm (10 in banking business)

No FDI is Allowed

Foreign investment in a partnership firm is not permitted. In the firm, only Indian citizen can become the partner and start the partnership firm.

No Minimum Capital

No minimum capital is prescribed, it must be based on the business requirements. The Stamp Duty on the deed is based on the capital of the firm.

Unique Name

Unique Name Name of the firm should be unique, and it must not be same or similar to the name of any existing trademark which is registered or applied.

DETAILED EXPLAINER VIDEO ON PARTNERSHIP REGISTRATION

How to Register Partnership Firm Registration

Start your Partnership Firm easily with our experience of 14+ years of delivering quality professional services. Our dedicated team will help you to register your partnership firm across India. We will extend our support in Documentation, Preparation, filing and subsequent Follow-up with the registrar of firms.
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