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Partnership Firm Registration

Formalize your business partition with a registered Partnership Deed.

Business Structure

Partnership Firm Procedures

Overview

A partnership firm is an organization where two or more persons come together to carry out a business and share profits. It is governed by the Indian Partnership Act, 1932. Registration of a partnership firm is optional but highly recommended to enjoy legal benefits.

Documents Required

  • Partnership Deed: A document mentioning the rights and obligations of partners.
  • ID Proofs: PAN Card and Aadhaar Card of all partners.
  • Address Proof: Electricity bill/Rent agreement of the business place.
  • Photographs: Passport size photos of all partners.
  • Affidavit: Confirming details in the partnership deed.

Procedure for Registration

1. Name Selection

Choose a unique name not resembling existing firms.

2. Drafting of Deed

Prepare a Partnership Deed on stamp paper, detailing capital, profit sharing, and roles.

3. PAN & TAN Application

Apply for PAN and TAN in the name of the Partnership Firm.

4. Submit Application

Submit Form 1 along with documents and fees to the Registrar of Firms.

Checklist

Ensure you have:

  • Minimum 2 Partners
  • Stamp Paper for Deed
  • Business Address
  • Witnesses for Deed