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    2 or more than 2 persons required to form Partnership Firm

    Partnership Firm is not separate and perpetual entity
    Many tax benefit and low compliance
    Get PAN & TAN of partnership
    Low cost registration

    Partnership Firm

    Partnership Firm is so easy to start in the way that it does necessitate registration to run.Although, oral partnership firm can be started but it’s always recommended to reduce the terms between partners in writing.Partnership firm is governed by Partnership Act, 1932. Partnership firm can be started by 2 or more than 2 partners but a maximum of 20.Traditionally, a partnership firm deed is simply notarised which settles terms & conditions as mutually agreed.Alternatively, it can be registered with registrar of partnership which is located in the jurisdiction of firm address.Partnership firm are general form but the concept of limited liability firm has an added advantage to it and businessmen are more inclined to it now days.

    Advantage & Benefit of registered Partnership Firm

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    Easy to Start

    2 or more than 2 persons can start it in a short time

    No approval for Name

    A partnership firm can take any name unless & until its undesirable & prevented by law.

    Less compliance

    No annual filing or audit required as per partnership act.

    Flexibility

    Partners are flexible to agree on terms & conditions of firm which decides profit sharing ratio, management of affairs.

    Compare Options

    BasisPrivate Limited CompanyLimited Liability PartnershipOne Person CompanyPartnership FirmSole Proprietorship
    Suitable ForStart-ups Professional firmsIndividual promotersFamily businessesSmall Businesses
    Investors Attractive Less AttractiveNot preferableUnlikelyNo way
    Limited Liability YesYesYesNoNo
    Taxation BenefitsCertain benefits EfficientbenefitsLowestLowest
    Constant Existence
    YesYesYesNoNo
    Compliance ApplicabilityHighLowHighMinimalMinimal

    Process to start PartnershipFirm

    Select a Service
    Documentation
    Make Payment
    Service completed
    STEP 1: Select a Service
    STEP 2: Upload Documents
    STEP 3: Make Payment
    STEP 4: Service completed

    Package & Pricing

    Documents for online registration of Partnership Firm

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    PAN of Partners

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    Aadhar of Partners

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    Photo of Partners

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    Email ID of Directors/Subscribers to Memorandum

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    Mobile Number of Directors/Subscribers to Memorandum

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    Place of Business Address Proof with NOC (Ownership/ Rent Agreement/ Lease deed/ Consent Letter

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    Place of Business Address Proof with NOC (Ownership/ Rent Agreement/ Lease deed/ Consent Letter

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    Electricity bill of place of business (Latest 2 months)

    FAQs

    1. What is traditional and registered partnership?
    2. Whether liability of partner is limited in partnership firm or not?
    3. Can a partnership firm be converted into limited liability partnership firm?
    4. Can a partnership firm be converted into private limited company?
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