Fast & Affordable Partnership Deed Drafting | PAN, TAN & Bank Account Support | Complete Registration in 3-5 Days - Starting ₹4,999
A partnership is a business structure where two or more individuals manage and operate a business together, sharing profits and losses as per the partnership deed.
Simplest business structure with minimal legal formalities. No minimum capital requirement. Quick registration process without complex procedures.
Most affordable business registration option in India. Lower compliance costs compared to companies. No mandatory audit requirements for most partnerships.
Complete registration process in just 3-5 working days. Partnership deed drafting and PAN application can be done simultaneously for faster setup.
Partners share business responsibilities, management duties, and decision-making. Flexibility in profit-sharing ratios and operational roles.
Freedom to structure business operations as per partnership deed. No board meetings or shareholder compliance required unlike companies.
Partnership taxed at flat 30% rate. No dividend distribution tax. Partners can claim salary and interest as business expenses.
Most Common Type
• All partners actively manage business
• Unlimited liability for all partners
• All partners can bind the firm
• Profit-loss shared equally or as per deed
• Suitable for small businesses
• Easy to form and manage
Hybrid Structure
• Separate legal entity from partners
• Limited liability protection
• Perpetual succession
• Registered under LLP Act 2008
• Requires 2 designated partners
• More compliance than general partnership
No Fixed Duration
• No predetermined tenure specified
• Can be dissolved any time by partners
• Most flexible arrangement
• Suitable for ongoing businesses
• Partners can exit with notice
• Common for professional firms
Project-Based
• Formed for specific venture/project
• Automatically dissolves on completion
• Limited to particular undertaking
• Time-bound arrangement
• Suitable for short-term projects
• Clear exit strategy defined
• Custom partnership deed as per requirements
• All essential clauses included
• Profit-sharing ratio definition
• Capital contribution details
• Rights and duties of partners
• Admission and retirement clauses
• Dispute resolution mechanism
• Legally binding and comprehensive
• Registration with Registrar of Firms
• Application preparation and filing
• Document verification support
• Registration certificate procurement
• Name availability check
• Stamp duty payment assistance
• Legal compliance ensured
• Complete handholding service
• Partnership firm PAN application
• TAN (Tax Deduction Account Number)
• Form 49A preparation and filing
• Supporting documents compilation
• Follow-up till PAN issuance
• Digital signature if required
• Fast-track processing
• 7-15 days completion
• Current account opening support
• Bank documentation assistance
• Multiple bank options
• Board resolution drafting
• Partner identification support
• Signature specimen preparation
• Online banking activation
• Cheque book arrangement
• GST registration for partnership
• GSTIN application filing
• Supporting documents preparation
• Digital signature arrangement
• Trade name registration
• HSN/SAC code identification
• ARN tracking and follow-up
• GST certificate procurement
• MSME/Udyam registration
• Professional Tax registration
• ESI and PF registration
• Shops & Establishment license
• Import-Export Code (IEC)
• Digital Signature Certificate
• Industry-specific licenses
• Trademark registration support
• Partnership deed modifications
• Change in profit-sharing ratio
• Addition/removal of partners
• Change in firm name
• Capital contribution changes
• Business scope modifications
• Updated deed registration
• Supplementary deed drafting
• Income tax return filing (ITR-5)
• Annual accounts maintenance
• GST return filing support
• TDS compliance assistance
• Audit services if required
• Legal compliance guidance
• Regulatory updates notification
• Year-round CA support
Transparent, all-inclusive pricing with no hidden charges
Simple 8-step process for complete partnership firm registration
Select unique name for your partnership firm. Check name availability and ensure no trademark conflicts.
Gather PAN, Aadhaar, photos of partners. Collect address proof and office address documents.
Prepare comprehensive partnership deed with all clauses, terms, and partner agreements.
Print deed on stamp paper as per state rates. Get deed notarized by authorized notary.
File application with Registrar of Firms. Submit partnership deed and required documents.
Apply for firm PAN using Form 49A. Submit along with partnership deed and identity proofs.
Open current account in firm name. Submit required documents to chosen bank branch.
Apply for GST registration if applicable. Complete other registrations like MSME, Professional Tax.
✓ PAN Card (mandatory)
✓ Aadhaar Card / Voter ID / Passport
✓ Passport size photographs (2-3 recent)
✓ Residential address proof
✓ Mobile number and email ID
✓ Bank account statement (if available)
✓ Educational qualifications (if relevant)
✓ Rent agreement (if rented premises)
✓ NOC from property owner
✓ Property tax receipt or electricity bill
✓ Sale deed (if owned property)
✓ Latest utility bill (not older than 2 months)
✓ Municipal permission (for some areas)
✓ Address proof in owner's name
✓ Firm name (3 options preferred)
✓ Nature of business/activities
✓ Capital contribution by each partner
✓ Profit-sharing ratio
✓ Salary/remuneration details
✓ Partner roles and responsibilities
✓ Duration of partnership (if fixed)
✓ Partnership deed (registered copy)
✓ Firm PAN card
✓ Firm registration certificate
✓ Board resolution for account opening
✓ Identity proofs of all partners
✓ Address proof of firm
✓ Photographs of partners
✓ Partnership deed
✓ Firm PAN card
✓ Address proof of business place
✓ Bank account details with cancelled cheque
✓ Digital signature of partners
✓ Electricity bill of business premises
✓ Rent agreement (if applicable)
✓ Digital signature certificate (if needed)
✓ Professional qualification certificates
✓ Industry-specific licenses
✓ Import-Export Code documents
✓ Trademark registration papers
✓ Previous business records (if any)
✓ Consent letters from partners
Compare partnership with other popular business structures in India
| Feature | Partnership | LLP | Private Limited | Sole Proprietorship |
|---|---|---|---|---|
| Setup Cost | ₹5,000 - ₹15,000 | ₹15,000 - ₹25,000 | ₹20,000 - ₹40,000 | ₹2,000 - ₹5,000 |
| Time to Setup | 3-5 days | 7-15 days | 10-20 days | 1-3 days |
| Minimum Partners | 2 (Max 50) | 2 (No limit) | 2 (Max 200) | 1 |
| Liability | Unlimited | Limited | Limited | Unlimited |
| Registration | Optional (Recommended) | Mandatory | Mandatory | Not required |
| Separate Legal Entity | No | Yes | Yes | No |
| Annual Compliance | Low (ITR filing) | Medium (ROC + ITR) | High (ROC + Audit) | Very Low |
| Audit Required | If turnover > ₹1 Cr | If turnover > ₹40 Lakh | Mandatory | If turnover > ₹1 Cr |
| Tax Rate | 30% + Cess | 30% + Cess | 25% + Cess | Slab rates |
| Funding Options | Limited | Better | Best (VC/PE) | Very Limited |
| Ownership Transfer | Difficult | Easy | Easy | Not possible |
| Perpetual Succession | No | Yes | Yes | No |
| Best Suited For | Small businesses, Professional services | Medium businesses, Startups | Scalable businesses, Funding needs | Individual entrepreneurs |
Easy Formation: Simple to set up with minimal legal formalities and low costs
Shared Responsibility: Work burden, financial investment, and business risks are shared
Combined Skills: Partners bring diverse skills, expertise, and experience
More Capital: Multiple partners can contribute more capital than sole proprietor
Flexible Management: Partners can decide management structure as per deed
Tax Benefits: Partners can claim salary, interest as business expenses
Privacy: Financial statements need not be filed publicly
Quick Decisions: Faster decision-making compared to companies
Unlimited Liability: Partners personally liable for firm debts with personal assets at risk
Limited Life: Firm may dissolve on death, retirement, or insolvency of partner
Shared Profits: Profits must be shared among all partners as per agreement
Partner Disputes: Conflicts among partners can harm business operations
Limited Growth: Difficult to raise large capital or attract investors
Mutual Agency: Each partner can bind the firm; one's actions affect all
Transfer Restrictions: Cannot easily transfer partnership interest to others
Limited Credibility: Less credibility compared to registered companies
Get expert assistance for fast partnership registration with complete compliance support. Start your business journey today!
Special Offer: Get partnership deed + PAN application at ₹9,999 (Save ₹2,000)
