Indian Partnership Act, 1932
Governs formation, rights, duties, and dissolution of partnership firms — applies to all unregistered and registered firms.
Formalise your business partnershipwith a legally sound structure.
Complete partnership firm registration — Partnership Deed drafting, stamp paper execution, filing with the Registrar of Firms, Certificate of Registration, and PAN application for the firm.
Partnership DeedRegistrar of FirmsProfit SharingFirm PAN
Rs 5,999+
Starting Price
5 Steps
End-to-End Process
Simple
Compliance Structure
What we handle for you
We draft a comprehensive Partnership Deed, execute it correctly, and handle registration with the Registrar of Firms — giving your partnership a solid legal foundation.
Partnership Deed Drafting
We draft a comprehensive Partnership Deed covering capital contributions, profit-sharing ratios, partner roles, decision-making, and exit provisions.
Stamp Paper Execution
We execute the deed on appropriate stamp paper as per the applicable state Stamp Act — ensuring legal validity.
Registrar of Firms Filing
We prepare and file Form I registration application with the Registrar of Firms of the relevant state and obtain the Certificate of Registration.
Firm PAN & Post-Registration
We apply for a PAN for the partnership firm and advise on GST, bank account, and other post-registration requirements.
The Partnership Registration Process
Five steps from deed drafting to a registered partnership firm with PAN.
01
Draft the Partnership Deed
We draft a comprehensive Partnership Deed covering all commercial and operational terms agreed by the partners.
02
Execute on Stamp Paper
The deed is executed on appropriate stamp paper and signed by all partners.
03
Registration with Registrar of Firms
We file the registration application with the Registrar of Firms of the relevant state along with required documents and fees.
04
Certificate of Registration
The Registrar issues a Certificate of Registration — the firm is now a registered partnership.
05
PAN Application
We apply for a PAN for the partnership firm for tax compliance purposes.
Legal Framework
Partnership firms are governed by the Indian Partnership Act, 1932 — a well-established framework for small businesses and family enterprises.
Income Tax Act, 1961
Partnership firms are taxed at 30% on total income — partners' share of profit is exempt from tax in their hands.
Indian Contract Act, 1872
Partnership deed is a contract between partners — governed by contract law principles including validity and breach.
GST Act, 2017
Partnership firms above the turnover threshold must obtain GSTIN separately in the firm's name.
Client Success Stories
“We registered our trading firm with LegalKonnect's help. The Partnership Deed was very well drafted — covered profit sharing, banking authority, and exit provisions clearly. Registration was smooth.”
MP
Mahesh Patel
Surat“Family business formalisation done professionally. LegalKonnect drafted a solid Partnership Deed and handled the Registrar filing without any hassles. Recommended for small business owners.”
KR
Kavitha Reddy
HyderabadFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
The primary disadvantage is unlimited personal liability — every partner's personal assets are exposed to the firm's debts and legal liabilities. An LLP limits each partner's liability to their agreed contribution. For most businesses, the LLP structure is preferable unless the unlimited liability risk is specifically acceptable.
A minor cannot be a full partner but can be admitted to the benefits of a partnership — receiving a share of profits without personal liability for losses or debts of the firm.
Without a deed provision, the Partnership Act provides that ordinary business decisions are by majority. Changes to the firm's fundamental nature or admission of new partners require unanimous consent. A well-drafted deed addresses decision-making procedures for all major situations.
Yes. A registered partnership firm has the right to file a suit to enforce its contractual rights against third parties — an unregistered firm cannot do so, which is a significant practical disadvantage of non-registration.