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Understanding Partnership Firms

A Partnership Firm is a business entity formed by two or more individuals who agree to share profits and losses. Governed by the Indian Partnership Act, 1932, it offers flexibility in operations while maintaining simplicity in structure.

Key Advantages

Benefits of choosing partnership firm for your business

Shared Responsibility

Distribute workload and decision-making among partners based on expertise and agreement.

Pooled Resources

Combine capital, skills, and resources from multiple partners for business growth.

Simple Registration

Easy registration process with minimal compliance requirements compared to companies.

Partnership Deed Essentials

  • Name and address of the firm
  • Names and addresses of all partners
  • Nature of business
  • Capital contribution by each partner
  • Profit-sharing ratio
  • Roles and responsibilities
  • Dispute resolution mechanism

Documents Required

  • Partnership Deed (stamped and notarized)
  • PAN Cards of all partners
  • Address proof of all partners
  • Firm's address proof
  • Bank account details

Partnership Registration Fee

Get your partnership firm registered with our comprehensive registration service

₹10,000

One-time registration fee • All-inclusive pricing

Register Your Partnership Firm