Partnership Firm
Registration
Form a partnership with ease under the Indian Partnership Act, 1932. The classic way to collaborate, share risks, and pool resources.
About The Service
A simple agreement-based structure for small businesses with multiple owners.
What is a Partnership Firm?
A Partnership Firm is a traditional business model governed by the Indian Partnership Act, 1932. It is created when two or more people agree to share the profits of a business carried on by all or any of them acting for all.
The core of this structure is the Partnership Deed—a legal document that outlines the rights, duties, and profit-sharing ratios of partners. While registration of the deed with the Registrar of Firms (ROF) is optional, it is highly recommended to enjoy legal rights like suing third parties.
Key Features:
- Members: Min 2, Max 20 (Banking: 10).
- Liability: Unlimited (Joint & Several).
- Governance: Partnership Deed.
- Registration: Optional (but advised).
Key Benefits
Why choose a traditional Partnership Firm?
Easy Formation
Can be formed simply by drafting a deed on stamp paper. No complex digital signatures or DIN required initially.
Minimal Compliance
Unlike LLPs or Companies, there is no need to file annual returns with the MCA. Audit is only needed if turnover is high.
Shared Decisions
Partners pool their expertise, capital, and networks, leading to better decision-making and business growth.
Flexibility
The business operations can be changed easily by mutual consent of partners without heavy government interference.
Documents Required
Note: Required for all partners.
- Identity Proof: PAN Card (Mandatory) & Aadhaar/Voter ID.
- Address Proof: Driving License / Passport / Bank Statement.
- Photos: Passport size photographs of all partners.
- Office Address: Electricity Bill / Rent Agreement / Property Tax Receipt.
- Affidavit: Confirming the partnership details.
Step-by-Step Process
Drafting Deed
Drafting the Partnership Deed covering profit ratio, capital contribution, and roles.
Notarization
Printing the deed on Non-Judicial Stamp Paper and getting it notarized.
Apply for PAN
Applying for a separate PAN card in the name of the Partnership Firm.
ROF Registration
Submitting deed and forms to the Registrar of Firms (Optional, for legal benefits).
Form Your Partnership
Ensure your partnership deed is legally sound. We handle drafting, notarization, and registration.
📍 Lower Chutia, Samlong, Ranchi, Jharkhand 834010, India
📱 +91 77300 74222
📧 contact@neelmanineeraj.com