Partnership Firm

A partnership firm in India is a business structure formed by an agreement between two or more people (partners) to run a business and share its profits. The Indian Partnership Act of 1932 governs these partnerships.  

At 24efiling, we understand the collaborative spirit of partnerships and the potential they hold for success. That's why we offer a streamlined partnership firm registration service to empower your entrepreneurial journey. 


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Key Benefits of Partnership Firm Registration: 

  • Enhanced Credibility: Gain a legal identity, building trust and confidence with clients and investors. 
  • Simplified Business Operations: Facilitate easy access to bank accounts, loans, and government tenders. 
  • Defined Partner Roles & Responsibilities: Establish a clear framework for profit sharing, decision-making, and dispute resolution through a registered partnership deed. 
  • Limited Liability Protection: Shield partners from personal liability for business debts up to the extent of their capital contribution (except in cases of fraud or misconduct). 

 

Procedure for registering a partnership firm 

1. Obtain Legal Documents: 

  • Digital Signature Certificate (DSC): All partners need a DSC for online filing. 
  • Designated Partner Identification Number (DPIN): Apply for DPIN after obtaining DSC. 

2. Choose a Business Name: 

  • Select a unique and appropriate name for your partnership firm. 

3. Draft a Partnership Deed: 

  • This document outlines the terms and conditions of the partnership, including profit-sharing ratio, partner roles, dispute resolution etc. 
  • Get the deed drafted on stamped paper and notarized. 

4. Register the Partnership: 

  • File Form 1 along with fees with the Registrar of Firms in your state. 
  • Submit required documents including the partnership deed, address proof, PAN card details etc. 

5. Obtain Registration Certificate: 

  • Upon verification, the Registrar will register the firm and issue a certificate. 

6. Apply for PAN and TAN: 

  • Apply for a Permanent Account Number (PAN) for the firm using Form 49A. 
  • You'll also need a Tax Deduction and Collection Account Number (TAN). 

 

24efiling’s Streamlined Registration Process: 

  1. Gather Required Documents: We'll guide you through the necessary documents, including partnership deed, PAN cards, address proofs, and business address proof. 
  2. Expert Assistance: Our team will assist you in drafting the partnership deed and completing the online application form. 
  3. Government Fee Payment: We'll handle the payment of government fees on your behalf. 
  4. Registration & Certificate: We'll track the application process and ensure you receive your registration certificate swiftly. 

 

Documents Required for Partnership firm Registration.  

  • Form 1: Application for Registration of a Partnership Firm 
  • Partnership Deed: A legally binding document outlining the terms and conditions of the partnership 
  • PAN Card & Address Proof: For the firm and all partners 
  • Proof of Business Address: Ownership documents or rental agreement 

 

Eligibility criteria for Partnership firm registration 

  • Minimum of two partners (maximum 10 for banking and financial businesses, 20 for other businesses) 
  • Competent adults (18 years or above, of sound mind) 

Why Choose 24efiling for Partnership Firm Registration? 

  • Hassle-free Experience: We handle the entire process, saving you time and effort. 
  • Expert Guidance: Our team of professionals ensures accuracy and compliance. 
  •  Competitive Pricing: We offer transparent and cost-effective solutions. 
  • Dedicated Support: We're available to answer your questions and address your concerns throughout the process. 


Alternatives to Partnership Firms: 

  • Limited Liability Company (LLC): Offers limited liability protection to its members. 
  • One Person Company (OPC): A single person can form an OPC with limited liability. 

Ready to embark on your partnership journey? 

Contact 24efiling today! 

We'll help you through out the registration process with ease and empower your partnership to flourish. 

Faq

We Made Things Easy For You!

No, it's optional. However, registration offers significant benefits for smooth operations and credibility. 
Typically, 1-2 weeks, subject to government processing times. 

Government fees vary based on your state and firm's capital contribution. We'll provide a clear breakdown of the costs. 

Ready To experience
stress-free and
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Contact us today for a consultation.

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