Partnership Firm Registration
A partnership firm is the simplest way for two or more people to run a business together. Registration is optional under the Indian Partnership Act — but an unregistered firm cannot sue to enforce its own contracts.
- Partnership deed drafted to your terms
- Registrar of Firms registration
- PAN, TAN and GST included
- Ready in 7–12 working days
- Government fee from
- ₹200–₹5,000
- Our fee from
- ₹2,999
- Typical timeline
- 5–10 days
Simple to form, but the deed does all the work
A partnership firm is governed by the Indian Partnership Act, 1932. Two or more people agree to share the profits of a business carried on by all or any of them. It is quick to set up, inexpensive, and involves minimal ongoing compliance.
The critical caveat is liability. Partners have unlimited personal liability for the firm's debts, and each partner is jointly and severally liable for acts of the others carried out in the ordinary course of business. If the firm cannot pay, creditors can pursue partners' personal assets. This is the fundamental difference from an LLP.
Registration with the Registrar of Firms is technically optional — but Section 69 of the Act means an unregistered firm cannot file suit to enforce a contractual right against a third party or against a partner. In practical terms, an unregistered firm cannot recover its own receivables through the courts. Registration is therefore effectively necessary.
The partnership deed is where the real work sits. Profit-sharing ratios, capital contribution, salary and interest to partners, decision-making authority, admission of new partners, retirement, death and dissolution should all be set out explicitly. Most partnership disputes we see trace back to a deed that was two pages long.
What partnership firm gives you
The practical advantages, not the marketing version.
Fast and low cost
Formation is quicker and cheaper than any corporate structure — often complete within a week.
Minimal compliance
No annual MCA filings, no statutory audit requirement, no board meetings.
Flexible profit sharing
Partners set their own ratios, salaries and interest on capital through the deed.
Right to sue
Registration under Section 69 gives the firm the ability to enforce contracts in court — without it, you cannot.
Straightforward taxation
Taxed at a flat 30% plus surcharge and cess; partner salary and interest are deductible within Section 40(b) limits.
Easy conversion
Converts into an LLP or Private Limited Company as the business grows.
The process, step by step
Every stage, with realistic timelines — including the ones that depend on the registry rather than on us.
- 12–3 days
Deed drafting
The partnership deed is drafted covering capital, profit sharing, roles, authority, admission, retirement and dissolution.
- 21–2 days
Stamping and execution
The deed is executed on stamp paper of the value prescribed by your state and signed by all partners before witnesses.
- 31 day
Notarisation
The executed deed is notarised.
- 42–3 days
Registrar of Firms filing
Form 1 filed with the Registrar of Firms along with the deed and partner details.
- 57–20 days
Registration certificate
The Registrar enters the firm in the Register of Firms and issues the certificate.
- 65–10 days
PAN, TAN and GST
Firm PAN and TAN obtained, bank account opened, and GST registration completed where applicable.
What you need to provide
Have these ready and the filing moves quickly. We tell you if anything is missing before we start.
From every partner
- PAN card
- Aadhaar card or other address proof
- Passport-size photographs
- Specimen signature
For the firm
- Proposed firm name
- Nature of business and commencement date
- Capital contribution by each partner
- Profit and loss sharing ratio
- Duration of the partnership, if fixed
For the business premises
- Electricity bill or property tax receipt
- Rent agreement, if rented
- No Objection Certificate from the owner
Official fees
These are statutory fees payable to the government, separate from our professional fee. We never mark them up.
| Fee type | Amount | Notes |
|---|---|---|
| Stamp duty on partnership deed | ₹200–₹5,000 | Varies by state and capital contribution. |
| Registrar of Firms registration fee | ₹100–₹1,500 | Varies by state. |
| Notarisation | ₹200–₹500 | Approximate. |
| PAN and TAN application | ₹66 / ₹65 | Standard NSDL charges. |
Registration with the Registrar of Firms is optional under the Act but effectively necessary, since an unregistered firm cannot sue to enforce its contracts under Section 69.
Transparent professional fees
Fixed fees, quoted upfront. Government fees are charged at cost and shown separately on every invoice.
Deed Only
A properly drafted partnership deed.
- Partnership deed drafted to your terms
- Profit sharing and capital clauses
- Roles, authority and exit provisions
- Stamp duty guidance
- Execution instructions
Registered Firm
Deed, registration and tax registrations.
- Everything in Deed Only
- Notarisation coordination
- Registrar of Firms filing
- Firm PAN and TAN
- GST registration
- Bank account opening assistance
Firm + Brand
Register the firm and protect the trading name.
- Everything in Registered Firm
- Trademark search and clearance report
- Trademark application in one class
- MSME / Udyam registration
- IP ownership clauses in the deed
Questions we get asked
If your question is not here, send it over — we answer directly rather than routing you to a form.
Is partnership firm registration mandatory?
What is the difference between a partnership firm and an LLP?
How many partners can a firm have?
How is a partnership firm taxed?
Can a partnership firm be converted into an LLP?
Still unsure? Book a free consultation and we will tell you honestly whether this is the right service for you.
Ready to start your partnership firm?
Talk to an IP professional first. No obligation, no sales script — just a clear view of where you stand and what it will cost.