Partnership Firm

Partnership Firm

Explore more about Partnership Firm

Partnerships are firms in which two or more partners govern and operate their companies in accordance with the terms and objectives described in the Partnership Deed.

Ownership, management and control are managed by an association of people for profit.Small and medium-sized businesses in the unorganized sector often use partnership firms since they are relatively easy to start.

What profits do you get

Benefits of a Partnership Firm Registration

  • Easy to Start

    The only requirement for setting up a partnership firm is usually a partnership deed. Therefore, it can be set up on the same day.

  • Sharing Risks

    A partnership firm enables sharing of risks by more than 1 person as the profit & losses are shared by all the partners.

  • Better Tax Planning

    The partnership firm is a separate entity and its tax is calculated separately so it can offer remuneration and interest to working partners.

  • Scalability

    Any new partner can be introduced, retired, or removed only by executing a supplementary partnership deed.

  • No Minimum Capital

    A Partnership Firm can be registered with a minimum amount of Rs. 10,000 as well. It does not require any major capital investment.

  • Power to Make Decisions

    With multiple perspectives and excessive knowledge, making decisions in a partnership firm can be very effective.

  • No Compliances

    While starting a business you do not have to be caught up with compliance work. Partnership Firm does not have any hassles as such.

  • Conversion to Private Limited

    Partnership Firm always gives you an opportunity to convert/register your business as a Private Limited Company in future.

Simplified Registration Process

Experience the Easy and Hassle-Free Registration process with us.​

We understand your urgency about getting legal. Therefore, we provide a hassle-free legal process. Complete any Registration in just 4 steps.

Popular Questions

Frequently Asked Questions

We encourage you to come up with any sort of questions related to legal documentation or any of our service, methodology implemented, quality assurance etc.

We give our best in providing consultation and give a quality output. Here are set of few questions which our beloved clients ask frequently, have a look at them. 

- Photograph of all the Partners

- PAN Card of all the Partners

- ID Proof of all the Partners (Driving License/Passport/Voter ID)

- Electricity Bill or any other utility bill for the address proof of the Registered Office

It may take up to a month or 2 for the registration process to complete