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About Partnership Firm Registration
A Partnership is defined by the Indian Partnership Act, 1932, as 'the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all'. This definition gives three minimum requirements to constitute a partnership firm, viz.
Agreement of between persons desiring to form partnership whether oral or written,
The object of the agreement is to share the profits of the business; and
The intended business must be carried on by all the partners or by any of them acting for all of them.
A partnership firm is an organization which is formed with two or more persons to run a business with a view to earning the profit. Each member of such a group is known as a partner and collectively known as a partnership firm.
The Indian Partnership Act, 1932 governs all partnerships and lays down provisions and rules which must be followed when entering into a partnership. Every partner has unlimited liability in the business.
The partners are all individually and jointly liable for the firm and the payment of all debts. Even the personal assets of a partner can be liquidated to meet the debts of the firm.
A partnership firm is best for small businesses that plan to remain small. Low costs, ease of setting up and minimal compliance requirements make it a sensible option for such businesses. Registration is optional for General Partnerships.
Self Attested PAN Card copy
Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
Rent Agreement (Notarised: For rented property)
Sale Deed/Property Deed in English (in case of owned property)
No-objection Certificate from property owner
Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
Partnership Firm Registration
Partnership Firm Registration Process
Obtaining DSC & DIN
Drafting MOA And AOA
Affordable Legal Services
Partnership Firm Registration
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