Start and Grow your Business
We are India’s leading Financial and Secretarial Advisor to Small, Medium and Large Business enterprises for their various requirements.
Why Choose us
- Cost Effective Services with Easy EMI
- Quick Turnaround Time
- Transparent Process & No Hidden Charges
- ISO 27001:2013 Certified for Data Security
- Recognised by Govt. of India
- Professional & Experienced Team
- 5000+ Satisfied Customers
- Enduring Business Relationship
Get in touch now for a FREE CUNSULTATION at +91-8866277244
Request a Callback
Partnership Firm
A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnership Firms are governed under Partnership Act, 1932. Partnership firms are relatively easy to start and is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.
There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners to own and manage the business.
ComplianceIndia can be your legal and professional partner in India to help you understand how to register Partnership Firm in India quickly and cost-effectively.
Advantages of Partnership Firm
Easy to Start
Minimum Compliance requirement
Relatively Inexpensive
Annual filing not required
Shared Responsibilities among Partners
Operating Flexibility
Pre-defined Object or Period
Various Financial Returns to the Partners
Eligibility to form a Partnership Firm
– Atleast Two Partners required to form an Partnership Firm
– Partnership Deed [Signed by all Partners]
How we Work?
Step 1
Step 2
Step 3
Step 4
Step 5
Step 6
Step 7
Step 8
Packages
Consultation Charges
Nil
Complete assistance by Experts or Professionals indicating Process, Documents required, Benefits, Tax compliance, Legal Compliance, etc.
Basic Plan
Rs. 5,999/- only
- – Partnership Deed
- – GST Registration
- – Account Book-Keeping
- – Registration of your Partnership Firm
- – PAN and TAN Registration
- – Expert advice from Experts/ Legal Professionals
Advance Plan
Rs. 9,999/- only
- – Partnership Deed
- – Stamp Paper Purchase
- – GST Registration
- – Account Book-Keeping
- – Ledgers Keeping
- – Registration of your Partnership Firm
- – PAN and TAN Registration
- – 3 months GST Return filing
- – Current Account Opening in your nearest Branch
- – Expert advice from Experts/ Legal Professionals
Ultimate Plan
Rs. 14,999/- only
- – Partnership Deed
- – Stamp Paper Purchase
- – GST Registration
- – Account Book-Keeping
- – Ledgers Keeping
- – Registration of your Partnership Firm
- – PAN and TAN Registration
- – 6 months GST Return filing
- – Current Account Opening in your nearest Branch
- – Legal Drafting of documents
- – Expert advice from Experts/ Legal Professionals
Documents Required for Partnership Firm Registration
Comparison with other forms of Business
Form of Business | Partnership Firm | Private Limited Company | One Person Company | Limited Liability Partnership | Proprietorship Firm |
---|---|---|---|---|---|
Act | Indian Partnership Act, 1932 | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | No specified Act |
Registration Requirement | Optional | Mandatory | Mandatory | Mandatory | No |
Minimum Number of members | 2 | 2 | Only 1 | 2 | Only 1 |
Maximum Number of Members | 50 | 200 | – | Unlimited | – |
Number of Directors/Partners | 2 – Unlimited | 2 – 15 | Only 1 | 2 – Unlimited | Only 1 |
Separate Legal Entity | No | Yes | Yes | Yes | No |
Liability Protection | Unlimited | Limited | Limited | Limited | Unlimited |
Statutory Audit | Not Mandatory | Mandatory | Mandatory | Dependent | Not Mandatory |
Ownership Transfer ability | No | Restricted | No | Yes | No |
Uninterrupted Existence | No | Yes | Yes | Yes | No |
Foreign Participation | Not Allowed | Allowed | Not Allowed | Allowed | Allowed |
Tax Rates | High | Moderate | Moderate | High | Low |
Statutory Compliance | Less | High | Moderate | Moderate | Less |
GET STARTED | KNOW MORE | KNOW MORE | KNOW MORE | KNOW MORE |
Frequently Asked Questions
1. Is it necessary to register a partnership firm?
No, it is not necessary to register a partnership firm. Though if registered it offers certain benefits.
OUR SERVICES
Private Limited Company Incorporation
₹2,999/-
Looking to Start a Company in India? Contact us for complete solutions to your needs…
Get Started NowOne Person Company Incorporation
₹2,999/-
Looking to Start a One Person Co. in India? Contact us for complete solutions to your needs…
Get Started NowLimited Liability Partnership Registration
₹2,999/-
Looking to Start aLLP in India? Contact us for complete solutions to your needs…
Get Started NowIndian Subsidiary Company Registration
₹9,999/-
Looking to Start a Subsidiary Co. in India? Contact us for complete solutions to your needs…
Get Started NowTrademark Registration
₹4,999/-
Complete Solutions for Trademark Registration, Opposition, Reply, Renewal etc…
Get Started NowGST Registration
₹999/-
Complete Solutions for GST Registration, Modification, Queries for all GST matters…
Get Started NowGST Return Filing
₹499/-
ST Return Filing Solutions, NIL GST Return Filing, GST LUT Filing, GST E-Way Bill, Reply to GST Notice…
Get Started NowAccounting and Tax Services
₹499/-
Complete Solutions for Tax, Payroll, TDS, Income Tax for Individual and Company etc…
Get Started NowPrivate Limited Annual Compliances
₹2,999/-
Solutions for all yearly and event based compliance requirements related to your Company and Directors...
Get Started NowOne Person Company Annual Compliances
₹2,999/-
Solutions for all yearly and event based compliance requirements related to your Company and Director...
Get Started NowLLP Annual Compliances
₹2,999/-
Solutions for all yearly and event based compliance requirements related to your LLP and Partners...
Get Started NowXBRL Conversion and Filing Services
₹5,000/-
Get your XBRL financials ready for filing with MCA, BSE, NSE etc...
Get Started Now