Overview
A Partnership Firm is governed by the Indian Partnership Act, 1932 and is one of the simplest ways for two or more people to run a business together. Registration is not strictly compulsory, but a registered firm can enforce its rights in court — an unregistered one largely cannot.
The partnership deed is the document that matters most here. We draft it carefully so that profit sharing, capital contribution, admission and retirement of partners, and dispute resolution are all unambiguous.
Who needs this
- Two or more people starting a business together
- Small trading, retail and manufacturing businesses
- Family businesses that want a documented arrangement
- Businesses that need a simple structure with minimal compliance
Documents required
- PAN and Aadhaar of all partners
- Passport-size photographs of partners
- Address proof of the business premises
- Rent agreement and NOC if premises are rented
- Proposed firm name and nature of business
What is included
- Drafting of a comprehensive partnership deed
- Stamp duty guidance as per your state
- Registration with the Registrar of Firms
- Firm PAN application
- Bank account opening documentation
How the process works
- 1
Deed consultation
We discuss profit ratios, capital, roles and exit terms so the deed reflects your actual understanding.
- 2
Deed drafting and execution
The deed is drafted, printed on stamp paper of the correct value and signed by all partners before witnesses.
- 3
Registrar filing
The application and deed are filed with the Registrar of Firms in your state.
- 4
PAN and bank setup
We apply for the firm PAN and prepare the documents your bank needs to open a current account.