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Partnership Registration

A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the PartnershipDeed. Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors. Partnership Registration is done through Srifintax.

For Partnership Registration, you must agree on a firm name and then establish a partnership deed. It is a document stating respective rights and obligations of the partners and to be valid it should be written and not oral. The terms of the Partnership Deed can be varied to suit the interests of the partners and can even be made contrary to the Indian Partnership Act, 1932 but if the Partnership Deed is silent on any point, then the provisions of the Act would apply.

Why Partnership

  • Relatively Inexpensive
  • Minimal Compliances
  • Easy to establish
  • Easy to manage

Documents Required

  • Notarized Partnership Agreement
  • Proof of Registered Address
  • Voter's ID/Passport/Driver's License PAN Card
  • Passport-sized photographs
  • NOC from the Owner of Premises

Our Procedure

Complete our Simple Form Online

You are required to fill your details in our simple questionnaire and submit documents.

Verfication of Documents

For further procedures, details provided by you will be verified by our experts.

Submission of Documents

We will create all the required documents and file them with appropriate authority.

Your work is Completed

Once your proprietorship is incorporated, we will intimate you about the same.

Our Pricing

Starter

All Inclusive Pricing

5999

  • Name search & approval
  • Partnership Deed
  • PAN Number Allotment
  • TAN Number Allotment
purchase

Professional

All Inclusive Pricing

7999

  • Starter Package
  • Current Account
  • GST Registration
  • 3 Months GST Return Filing (GSTR-1 or 3B)
purchase

Enterprise

All Inclusive Pricing

10999

  • Professional Package
  • Trademark Filing
  • Accounting Software
  • GST Software
purchase

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Frequently Asked Questions

There is no provision under the partnership Act, 1932 which mandates the registration of partnership. However, the act itself provides for the procedure of registration of firm. Thus the registration is optional but highly recommended, as an unregistered firm shall not be able to recover any money in excess of INR 100/-. Apart from the above legal impediment, from the practical point of view also the firm should get registered in order to bring certainty in the relationship of partners and the firm per se.

The PAN is a ten-digit alphanumeric number allotted by the Income Tax Department, the application for pan card is filed in Form No 49A. The TAN is a number allotted for TDS Compliance, the application for TAN is filed in Form No 49B. Normally it takes around 6-10 days in PAN allotment and Pan Card Delivery.

As per industry standards it’s up to 15 business days but being expert in the industry, we complete the process within 7-10 business days, unless something serious strikes in between the process.

A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.

Only a registered Partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act. Also, only a Registered Partnership firm can claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party. Hence, it is advisable for Partnership firms to get itself registered sooner or later.

Are you ready to start your business?