Partnership Firm Registration

The Partnership Firm Registration in India allows two or more individuals to come together and manage a business wherein they share profits and losses. Governed by the Indian Partnership Registration Act of 1932, this structure is a preferred choice for small businesses and entrepreneurs who seek a simple, less rigid form of business operation.

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1.Fill Form

Simply fill the above form to get startd.

2. Call to discuss

Our expert will connect with you & complete legalities.

3. Get Registered

Overview

Benefits of starting a partnership firm

Easy to set up and dissolve.
Flexibility in operations.
Minimal compliance requirements.
Profits are shared, leading to better utilization of resources.
Personal touch in business as all partners can participate actively.

Stepwise Process

Drafting of Partnership Deed:

It’s a written agreement detailing the terms of partnership, profit/loss sharing, rights and duties of partners, and other necessary clauses.

Name Selection:

Choose a unique name that does not infringe any trademarks and isn’t similar to existing firms.

Document Preparation:

Collate all necessary documents mentioned above.

Registration with Registrar of Firms:

Submit an application with all the documents to the Registrar of Firms in the state where the business is situated.

Obtain Registration Certificate:

Once the application is verified and found satisfactory, the Registrar will issue a Registration Certificate.

List of Documents

Partnership Deed
Address Proof of the Business Premises
Identity Proof of Partners (Aadhaar Card, Voter ID, Passport)
Passport-sized Photographs of Partners
Address Proof of Partners (Electricity Bill, Phone Bill)
Registration Certificate (if already registered)
Bank Account Proof of Business
Specimen Signature
Partnership Firm’s PAN Card
GST Registration (if applicable)
Power of Attorney (if any)
NOC from Property Owner if the property is rented
Affidavit declaring the nature of business and other details

Key Requirements

Minimum of two partners with a maximum limit of 10 for banking businesses and 20 for others.
A partnership deed to outline the terms of the partnership.
Partners must be competent to enter into contracts (adults with a sound mind).

Compliance

Maintain accurate books of accounts.
File Income Tax Returns annually.
Comply with GST norms if registered under GST.
Adherence to the terms of the Partnership Deed.
Regular audits as per the income bracket of the firm.

Cost The cost primarily involves the fees for drafting the Partnership Deed, registration fees which vary from state to state, and other miscellaneous expenses.

Taxation & Repatriation

Partnership firms are taxed at a flat rate of 30% plus cess.
Partners are taxed for their share in the firm’s profits.
No double taxation as the firm itself is not taxed separately.
Partners can repatriate their share of profit post-tax.

Why Choose Vyapar Saathi to Register Your Partnership Firm

When it comes to registering your partnership firm, Vyapar Saathi stands out as the go-to expert for several compelling reasons:

Expert Guidance: At Vyapar Saathi, we have a team of seasoned professionals who are well-versed in the intricacies of partnership firm registration. Our experts provide personalized guidance, ensuring that your registration process is smooth and conforms to all legal requirements.
Simplified Process: We understand that legal processes can be overwhelming. That’s why we’ve simplified the procedure to make it as straightforward as possible. Our team handles the complexities, allowing you to focus on your business operations without worry.
Timely Completion: We value your time. Our efficient approach ensures that your partnership firm’s registration is completed within the stipulated timelines, helping you to kickstart your business activities without unnecessary delays.
Transparent and Affordable Services: With Vyapar Saathi, there are no hidden costs. We maintain transparency in our service charges, offering affordable solutions without compromising on quality or efficiency.
Comprehensive Support: From document preparation to final submission, we offer end-to-end support. Our team is always ready to address your queries and provide assistance throughout the registration process.
Customized Solutions: Every business is unique, and so are its needs. We offer customized solutions tailored to your specific requirements, ensuring that your partnership firm’s registration aligns perfectly with your business goals.
Reliable and Trustworthy: Our reputation for reliability and trustworthiness is backed by a long list of satisfied clients. With Vyapar Saathi, you can be confident that you’re partnering with a team that prioritizes your business’s success.

Choose Vyapar Saathi for a hassle-free and efficient partnership firm registration experience. Let us handle the legalities while you focus on growing your business. Reach out to us today to begin your journey!

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