Partnership Firm Registration in India

Company Registration

GST Registration

FSSAI Registration

ITR Filing

IEC Certificate

MSME Registration

    Free Consultation





    SEND US AN EMAIL





      Partnership Firm Registration @ ₹ 7,999*/-

      • Partnership Firm Name Approval

      • Drafting of Partnership Deed

      • Registration with Registrar of Firms (ROF)

      • PAN & TAN Application for the Firm

      • Stamp Paper for Deed Execution

      • Partnership Firm Registration Certificate

      • Guidance to Open a Business Bank Account

      • Includes Government & Professional Fees

      Stamp duty and professional charges may vary for Punjab, Madhya Pradesh & Kerala due to higher state-specific duties.

      Required Documents for Partnership Firm Registration

      ID Proof

      Any one ID proof like AADHAR Card, Voter Card, Driving License or Passport required.

      PAN card

      Any one address proof
      • Bank statement having latest 60 days entry
      • Bank Passbook with entries page having latest 60 days entry
      • Electricity Bill in name of Director
      • Airtel / Vodafone / Idea / MTNL / BSNL bill in name of Director
      • Gas bill in name of Director

      Passport size photo

      Any one bill in anybody name for registered office address
      • Electricity Bill
      • Mobile Bill - Airtel / Vodafone / Idea / MTNL / BSNL bill
      • Gas Receipt (not Gas book)

      Other Services

      Private Limited Company Registration

      Public Limited Company Registration

      GST Registration

      One Person Company Registration

      LLP Registration

      Partnership Firm Registration

      NGO Registration

      Cooperative Society Registration

      Income Tax Return

      Trademark Registration

      Copyright Registration

      Partnership Firm Registration

      Starting a business with partners and looking for a simple and cost-effective structure? Partnership Firm registration is a great choice — and you’re at the right place!
      At Mangalam Taxsavo Consultants Pvt. Ltd., we provide complete assistance for Partnership Firm registration, helping you and your partners formalize your business relationship with a legally valid Partnership Deed. Our team of expert Chartered Accountants ensures proper documentation, PAN/TAN application, and guidance on tax and regulatory compliance to get your firm legally operational with minimal hassle.

      About Partnership Firm registration

      Partnership Firm – A Trusted Choice for Collaborative Business in India

      A Partnership Firm is one of the oldest and most widely used forms of business structures in India, especially among small and medium-sized enterprises. Governed by the Indian Partnership Act, 1932, it is ideal for two or more individuals who wish to carry on a business together, sharing responsibilities, profits, and risks.

      Unlike private limited companies, partnership firms are easier to form, have minimal regulatory compliance, and offer flexibility in operations and decision-making. The partnership deed—a legally binding agreement—clearly outlines the roles, capital contribution, and profit-sharing ratios of each partner, ensuring smooth functioning and accountability.

      Though a partnership firm does not provide limited liability protection or a separate legal identity like a company, it remains a cost-effective and efficient model for professionals, traders, and service providers looking to start a business collaboratively.

      Key advantages such as ease of formation, low compliance cost, and mutual trust among partners make it a highly recommended business structure for family-run businesses, professional firms (such as CAs, lawyers, doctors), and local entrepreneurs.

      Characteristics of Partnership Firm Registration in India

      Members (Partners) – To register a Partnership Firm in India, a minimum of 2 partners is required. While there is no statutory upper limit under the Indian Partnership Act, 1932, the Companies Act, 2013 restricts the number to 50 partners in the case of non-banking business.

      Liability of Partners – In a partnership firm, the liability of partners is unlimited, meaning partners are personally liable for the debts and obligations of the firm. Each partner’s personal assets can be used to settle the firm’s liabilities if required.

      Perpetual Succession – Unlike a company, a partnership firm does not have perpetual succession. The firm may dissolve due to the death, insolvency, or retirement of a partner, unless otherwise agreed in the partnership deed.

      Index of Members – Partnership firms do not need to maintain an index of partners. The details and roles of each partner are clearly defined in the Partnership Deed.

      Number of Designated Partners – There is no requirement for directors in a partnership firm. All partners are involved in managing the business unless a managing partner is specified.

      Capital Requirement – There is no minimum capital requirement to start a partnership firm. Capital contribution is based on mutual agreement among the partners.

      Prospectus – Since a partnership firm does not raise funds from the public, there is no requirement to issue a prospectus or comply with disclosure regulations meant for public fundraising.

      Minimum Subscription – There is no concept of minimum subscription in a partnership firm. Partners contribute agreed capital and share profits and losses as per the deed.

      Firm Name – A partnership firm can choose any name not identical to existing trademarks or firms, and it is not mandatory to use words like 'Private Limited'. However, the name must reflect professionalism and uniqueness.

      Requirements for Partnership Firm Registration

      Members (Partners)

      • Minimum: 2 individuals

      • Maximum: 50 individuals (as per Companies Act, 2013 for non-banking business)

      • Eligibility: Any individual capable of entering into a legal contract can become a partner. Corporate entities can also partner.

      Designated Partners / Authority

      • No Directors or DINs are required in a traditional partnership.

      • All partners share responsibilities or can delegate authority via a Partnership Deed.

      • Unlike LLPs or companies, a DIN (Director Identification Number) is not applicable for partnership firms.

      Firm Name

      • Must be unique and not similar to existing trademarks or firm names.

      • No specific format is mandated, but the name should reflect the business activity and be distinctive.

      • Unlike companies, a partnership firm does not need to end with "Private Limited" or similar suffixes.

      Registered Office Address

      • A valid business address must be provided at the time of registration.

      • Utility bill and No Objection Certificate (NOC) from the property owner (if rented) is required.

      • Ownership proof needed if the premises is self-owned.

      Digital Signature Certificate (DSC)

      • Not mandatory for registration under the Indian Partnership Act, 1932.

      • Required only if the firm opts for online GST, MSME, or trademark registration, etc.

      Professional Certification

      • Registration of a partnership firm does not require mandatory certification by Chartered Accountants or Company Secretaries.

      • However, assistance from a professional is recommended for drafting the Partnership Deed and for optional registration with the Registrar of Firms.

      1k+

      Company Registered

      10k+

      Happy Customers

      25+

      Team Members

      4.1

      Google Rating

      Advantages of a Partnership Firm

      Simple Formation

      Partnership firms are easy and inexpensive to start. A written Partnership Deed is often sufficient — and registration is optional (though recommended).

      Minimum Compliance

      Compared to companies, partnership firms are subject to minimal regulatory compliance, making them ideal for small and medium businesses.

      Flexibility in Operations

      Decision-making is fast and flexible since partners directly manage business operations and are not bound by strict procedural norms.

      Shared Responsibilities

      Business tasks and responsibilities can be shared among partners, leveraging each partner’s expertise for operational efficiency.

      No Public Disclosure

      Partnership firms are not required to publish financials or disclose internal business information, ensuring business confidentiality.

      Profit Distribution Flexibility

      Partners can define profit-sharing ratios freely in the deed, irrespective of ownership share.

      No Minimum Capital Requirement

      There is no minimum paid-up capital required to start a partnership firm, allowing easier setup for small businesses.

      Tax Benefits

      Partnership firms enjoy certain tax deductions and benefits as per the Income Tax Act, and profits are only taxed at the firm level.

      ⚠️ Important Limitations

      • Unlimited Liability: Partners are personally liable for debts of the firm.

      • Limited Legal Status: The firm is not a separate legal entity — partners and the firm are treated as one in the eyes of the law.

      • Lack of Perpetual Succession: The firm may dissolve on the death, insolvency, or retirement of a partner (unless otherwise stated in the deed).

      • Limited Fundraising Options: Cannot issue shares or raise equity capital from investors.

      A Partnership Firm is best suited for small businesses, professionals, and closely held ventures seeking ease of setup, operational freedom, and minimal compliance requirements without the need for external funding or formal corporate structure.

      Read more