Partnership Registration
- Transparent fee structure
- Expert financial guidance
- Fast registration process
- Secure document handling
Register your Partnership hassle-free from wherever you are with our easy application process.
What is Partnership Registration?
Partnership registration is the process of legally setting up a partnership firm in India. A partnership is a popular business structure for small businesses with two or more individuals who wish to operate a business together and share profits and losses. The partnership registration process involves drafting a partnership deed that outlines the terms and conditions of the partnership, such as the name of the partnership, the nature of the business, the capital contribution of each partner, the profit-sharing ratio, and the roles and responsibilities of each partner. Once the partnership deed is drafted, the partners must apply for a partnership registration certificate from the Registrar of Firms by submitting the necessary documents and fees. Although registration is not mandatory for a partnership firm, it is advisable to obtain the certificate as it provides legal recognition to the partnership and helps resolve disputes among partners. In India, partnerships can be registered as either general partnerships or limited liability partnerships (LLPs), which offer limited liability protection to its partners.
Documents Required for Partnership Registration
To register a partnership firm in India, the following documents are required:
Partnership Deed – A legal document that outlines the terms and conditions of the partnership, including the name of the partnership, the nature of the business, the capital contribution of each partner, the profit-sharing ratio, and the roles and responsibilities of each partner.
Application for Partnership Registration – The application should include the partners’ names, addresses, and other relevant information.
PAN Card – A copy of the PAN card of all the partners.
Address Proof – A copy of the latest electricity bill/ water bill/ telephone bill, etc., along with a No Objection Certificate (NOC) from the owner of the premises.
Identity Proof – Passport/ Voter ID card/ Aadhaar Card of all the partners.
Partnership Registration Fee – The registration fee must be paid through a bank draft or by online payment mode.
All these documents must be submitted to the Registrar of Firms of the respective state where the partnership firm is located.
Frequently Asked Questions
A Partnership is a business structure in which two or more individuals manage and operate the business as co-owners, sharing profits and losses.
Registering a Partnership provides benefits such as legal recognition of the business entity, easier access to loans and funding, and limited liability protection for partners.
At least two partners are required to start a Partnership in India.
The process for Partnership registration involves drafting and filing a Partnership Deed with the Registrar of Firms in the respective state.
The documents required for Partnership registration include PAN card, Aadhar card, address proof, and Partnership Deed.
No, currently there is no provision for online registration of Partnerships in India. The Partnership Deed needs to be drafted on a stamp paper and submitted physically to the Registrar of Firms.
Yes, it is necessary to have a written Partnership Deed that outlines the terms and conditions of the partnership, such as profit-sharing ratio, roles and responsibilities of partners, and duration of the partnership.
Yes, the Partnership can have a different business name, also known as a trade name, provided it is not already in use by another business.
Yes, it is mandatory to have a registered office space for Partnership registration, as all official communications and notices will be sent to this address.
Yes, a Partnership can be converted into a Private Limited Company by fulfilling the legal requirements, including obtaining approval from its partners and registering the new business structure with the Registrar of Companies.