Partnership Registration in India
Overview of Partnership Firm
A general partnership is a business structure where two or more individuals come together to run a business as per a written agreement called the partnership deed. While Limited Liability Partnerships (LLPs) are more modern and safer in terms of liability, general partnerships are still widely used for small or family-run businesses due to their simplicity and cost-effectiveness.
In a general partnership, all partners share unlimited liability, but the formation process is quick and compliance is minimal, making it ideal for small-scale operations and home-based ventures.
Registration Timeline
The registration process usually takes 10–12 working days, depending on approvals and departmental processing time.
Firm Name Guidelines
You may choose any name for your firm provided that:
- The name is not identical or too similar to an existing firm in the same industry.
- It does not contain words like “Crown”, “Emperor”, “Empire”, or anything implying government patronage.
Checklist for Partnership Firm Registration
- Draft of the partnership deed
- Minimum two partners (maximum 20)
- Selection of unique and valid firm name
- Principal place of business
- PAN card of the firm
- Bank account setup
- Initial capital investment
Documents Required
- Form 1 – Application for partnership firm registration
- Certified copy of the partnership deed
- Affidavit verifying details in the deed and application
- PAN card and address proof of each partner
- Proof of business address (utility bill, rent agreement, etc.)
Once the documents are verified, the Registrar of Firms will issue a Certificate of Registration and add your firm to the official register.
Benefits of Registering a Partnership Firm
- Low Compliance: No need to appoint an auditor or file annual returns if unregistered.
- Easy Setup: Can be formed within 2–4 working days. Registration provides additional legal benefits.
- Cost-Efficient: Cheaper to form and run compared to LLPs, due to minimal legal requirements.
How to Register a Partnership Firm in India
- Consultation: We provide expert guidance and a checklist of required documents.
- Document Collection: Submit all required documents via our app or website.
- Drafting Deed: We prepare your partnership deed and share it for signature.
- Signature and Upload: Sign the deed on stamp paper and upload it to our platform.
- Registration: We register the deed with the Registrar of Firms and deliver the Certificate of Registration.
Conclusion
Registering a partnership firm is one of the easiest ways to start a business in India. It’s fast, cost-effective, and ideal for small enterprises. To get started or learn more, connect with our registration experts today.