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Partnership Firm Registration

A Partnership Firm is a business structure where two or more individuals join together to conduct business and share profits. It offers a perfect balance of operational flexibility and resource sharing, making it ideal for professional services and small to medium-sized businesses.

Easy Formation: Simple registration process with minimal capital requirement and documentation.

Shared Resources: Partners can pool their resources, expertise, and share profits & responsibilities.

Flexible Structure: Freedom to define roles, profit sharing, and management through partnership deed.

Cost-Effective: Lower registration and compliance costs compared to company incorporation.

Registration Process

Documentation

Prepare partnership deed and required partner documents

Registration

Post Registration

Complete PAN/TAN registration, bank account opening, and GST registration

What is a Partnership Firm?

A Partnership Firm is a business entity formed by two or more individuals who agree to conduct business together and share profits and losses. It combines the advantages of shared resources and expertise while maintaining operational flexibility and ease of management.

Partnership Structure:A business association between two or more persons who agree to share profits and losses. Each partner contributes capital, skills, or property to the business.

Legal Framework:Governed by the Indian Partnership Act, 1932. Partners share unlimited liability, meaning they are personally liable for the firm's debts and obligations.

Partnership Deed:A legal document defining the terms and conditions of partnership, including profit sharing ratio, roles and responsibilities, and management structure.

Partnership firms in India are regulated by the Indian Partnership Act, 1932, which provides the legal framework for formation, operation, and dissolution of partnerships.