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Partnership Firm Registration Online

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Register Your Partnership Firm Online

Step-1

We study your business requirements.

Step-2

We prepare the first draft and share with you within 4 working days.

Step-3

We prepare the first draft and share with you within 4 working days.

Partnership Company Overview

A general partnership is a corporate structure in which two or more people manage and operate a company in accordance with the partnership deed's provisions and objectives. This structure is thought to have lost its relevance since the introduction of the limited liability partnership (LLP) because the partners in a general partnership firm have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up, and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for general partnerships. Contact our Digitronic experts now to know the recent partnership deed format.

Name of the Partnership Firm

Any name can be given to a partnership firm as long as you fulfil the following conditions:

  • The name shouldn't be too similar or identical to another company in the same industry
  • It also shouldn't contain words like emperor, crown, empress, empire, or any other phrases that imply official authorisation or permission.

Checklist for Partnership Firm Registration

  • Drafting of partnership deed
  • Minimum two members as partners
  • Maximum number of partners equal to or less than 20
  • Selection of appropriate names
  • Principal place of business
  • PAN card and bank account of the firm
  • Initial investment to start the firm.

Documents Required for the Registration of a Partnership

  • Application for registration of partnership (Form 1)
  • Certified original copy of partnership deed
  • Specimen of an affidavit certifying all the details mentioned in the partnership deed and documents are correct
  • PAN card and address proof of the partners
  • Proof of principal place of business of the firm.

Benefits of a Partnership

How to Register Partnership Firms in India

  • Step 1: First, a member of our Digitronic team will give you an overview of the process and present you with a list of essential documents for registration
  • Step 2: Documents can be submitted electronically via our mobile application or our website
  • Step 3: After the documents have been verified, a partnership deed is prepared and given to the partners for signatures
  • Step 4: All partners must sign the contracts on stamp paper and upload a copy to our systems
  • Step 5: Once the signed partnership deed is available, it is registered with the appropriate registrar of firms, and the partner is given a certificate of registration.

FAQs on Partnership Firm Registration Online

A partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership deed that may or may not be registered.
The partners in a partnership firm are the owners, and thus are not a separate entity from the firm. Any legal issues or debt incurred by the firm is the responsibility of its owners, the partners.
A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners. These partners can divide profits and losses equally or unequally.
The registration of a partnership firm in India can take up to 10 to 12 working days. However, the time taken to issue a certificate of incorporation may vary as per the regulations of the concerned state. The registration of a partnership firm is subject to government processing time which varies for each state.

Company formation and registration has been made easier with Digitronic. You can easily consult a company secretary through us for all of your compliance needs, including foreign income, FDI, PF, and pensions.

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