Partnership Firm Registration
- Partnership firm registration deed drafted within 3 days, completely online & hasslefree
- Transparent process through follow-up and regular updates
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Here’s How It Works
Looking to launch your dream startup? Nimble Trio makes it simple! Enjoy a fast, hassle-free, and completely smooth registration process to get your startup off the ground.
1
Get DSC and DIN
2
Select an appropriate company name
3
Draft MOA and AOA
4
Avail CIN and certificate of incorporation
5
Apply for TAN, PAN
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Here’s What You’ll Need
Online partnership firm registration in India has become effortless with Nimble Trio. To ensure complete protection of your documents, Nimble Trio follows advanced and industry-leading security standards.
- Application for partnership registration (Form 1)
- Verified original copy of the partnership deed
- An affidavit confirming the partners’ PAN card details
- Address information mentioned in the partnership deed
- PAN card
- Photograph of each director and shareholder
- Address proof and ID proof for every director and shareholder
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Nimble Trio offers one of the quickest Partnership firm registration services. Now you can set up your Partnership firm effortlessly by following just five simple steps!
Did you know ?
One of the most iconic partnership firms in history—Hewlett-Packard (HP)—is believed to have received its name through a simple coin toss that decided between “Hewlett-Packard” and “Packard-Hewlett.” Its founders, Bill Hewlett and Dave Packard, were classmates in an engineering program at Stanford University. With an initial investment of just $538, they launched HP from a small rented garage, where they began creating electronic measurement devices.
The Walt Disney Studios became one of their earliest customers, and later, during World War II, the company produced artillery shell fuses and counter-radar technology. Today, HP stands as a global giant with a market capitalization of approximately 34 billion dollars.
Overview of Partnership Firm Registration
In a general partnership, two or more individuals operate and oversee a business according to the objectives and conditions stated in the partnership deed. With the rise of limited liability partnerships (LLPs), many consider the traditional partnership model less relevant today. This is mainly because general partnerships come with unlimited liability, meaning partners are personally accountable for the firm’s debts.
Despite this, it remains a practical option for certain businesses—especially small or home-based ventures that are unlikely to take on significant debt—due to its low cost, simple setup, and minimal compliance requirements. Registration for a general partnership is optional. If you want guidance on the latest partnership deed format, connect with our Nimble Trio specialists today.
The Benefits Of Registering a Partnership Firm Include:
A partner who is a member of the firm in which the partnership is registered may always file a claim against the firm if a dispute should arise between the partners, they should refer to The Partnership Act’s freedoms-granting provisions are discussed in the partnership deed or in the partnership agreement.A partner in an unregistered firm is not granted this privilege, yet he may file a criminal case against the person.
In a registered partnership firm, any partner may bring legal action when one of their contracts is broken. The partners won’t receive this advantage if the firm isn’t registered.
If a partnership firm receives a summons from another party to recover a debt owed to that party, the firm may utilise the set-off principle against the other party as long as the latter owes a debt to the partnership firm as well. The registered partnership firm can easily make up the debt to the third party by counterbalancing it.
A registered partnership firm has a greater level of trustworthiness in the eyes of potential clients, even though the Partnership Act makes both registered and unregistered firms legitimate. Any registered partnership firm has the option to swiftly transform into a private corporation or a limited liability partnership (LLP). This simplicity of conversion is not available to unregistered companies.
Checklist for Registration of Partnership Firm
- Creating a cooperation agreement
- A minimum of two partners
- 20 maximum partners is the maximum number of partners
- The selection of suitable company name
- Main Company office
- PAN card, and bank account information
- Initial capital outlay to launch the business.
Partnership Firm Registration
Step 1: Creating the Partnership Deed
The first task for the partners is to prepare a partnership deed when they decide to formally register their business. This document must follow the structure specified in the Indian Partnership Act, 1932. The final deed can be customised based on the business model and mutual agreements between the partners. It generally defines every essential aspect of operating the firm—such as partner remuneration, profit-loss sharing ratios, interest on capital, exit procedures, duties, and other operational guidelines.
Step 2: Executing the Partnership Deed
Once all partners approve the drafted deed, it must be executed by paying the applicable stamp duty. The stamp duty rate varies depending on the state of registration. After this, the deed should be notarised without delay. Each partner must sign the document properly, and signatures of the required witnesses must also be included.
Step 3: Stamp Duty Payment & Notarisation
Execution of the deed begins only after the stamp duty has been fully paid according to the Stamp Act of the respective state where the business is formed. The deed may be prepared on non-judicial stamp paper or through franking. The key difference is that franking confirms that all applicable charges—like stamp duty—have been officially deposited. Banks usually handle the franking process. Once the duty is paid, signatures of all partners and witnesses are collected on the deed.
Step 4: Obtaining a PAN for the Partnership Firm
A Permanent Account Number (PAN) for the partnership can be applied for either before or after registration. The PAN application process is available through both online and offline methods. In many states, the PAN application can be submitted simultaneously while applying for registration. Generally, a scanned copy of the partnership deed must be uploaded or provided along with the PAN application.
Step 5: Registration of the Partnership Firm
The registration of the firm is carried out under the jurisdiction of the Registrar of Firms (RoF). The application form requires details such as the firm’s name, its address, duration of business, names of partners, and their contact information. Partners must supply any additional documents or proof requested by the registrar during the verification process.
Step 6: Opening the Firm’s Bank Account
To undertake regular business operations, the partnership must open a current account in the firm’s name. For this, the bank must receive all necessary documents related to the partnership, including the executed deed and partner identification documents.
FAQ's
In a partnership firm, the partners are also the owners, hence they do not exist independently of the business. The owner and partner along with the shareholders of the firm stand liable for any form of legal issues or debts that arise in the partnership firm.
There must be two partners in a partnership. A partnership firm may have up to 10 partners if it is in the banking industry, while any other sort of partnership firm may have up to 20 partners. The majority of partnership businesses divide profits and losses equally. However, it could change depending on the partnership agreement.
It can take up to 10 to 12 working days to form a partnership firm in India. However, depending on the laws of the relevant state, it may take longer or shorter to receive a certificate of incorporation. Government processing times for partnership business registration vary by state and are prone to delay.
For the creation of a partnership firm, a minimum of 2 individuals and a maximum of 20 are needed.
Only those who reside in India are eligible to join a partnership firm as partners or members. Foreigners who want to start a business in India have the option of creating private limited corporations.
In India, registering a partnership firm does not require a certain amount of capital. But it differs from one partnership firm to another. Some may have equal contribution in the capital and some may have different ratios in contribution.
A separate legal entity exists under law for an LLP. Apart from its partners, a partnership business has no other legal standing. An LLP's partners are only liable up to the amount of their capital contributions. A partnership firm's partners are subject to infinite responsibility.
