Partnership Firm Registration in India
Register Your Partnership Firm with Experts | Nikitha Associates
What is a Partnership Firm?
A Partnership Firm is one of the simplest and most widely used forms of business structures in India. It is formed when two or more individuals agree to carry on a business and share its profits and responsibilities as per a written or oral agreement known as the Partnership Deed.
At Nikitha Associates, we help you with end-to-end Partnership Firm Registration services, ensuring legal compliance, smooth setup, and expert advisory support.
Key Features of a Partnership Firm
- Governed by the Indian Partnership Act, 1932
- Formed by 2 or more partners (maximum 20 for general business)
- Flexible structure with shared control and responsibilities
- Can be registered or unregistered, but registration is strongly advised for legal enforceability
Benefits of Registering a Partnership Firm
- ✔️ Simple formation and minimal compliance
- ✔️ Cost-effective and easy to manage
- ✔️ Shared decision-making and workload
- ✔️ More borrowing capacity than proprietorships
- ✔️ Registered firms can file legal suits and have better credibility
Documents Required for Registration
From All Partners:
- PAN Card
- Aadhaar Card or Voter ID/Passport/Driving License
- Passport-size photographs
- Email ID & Mobile Number
🏢 For Registered Office:
- Latest utility bill (electricity/gas/water)
- Rent agreement (if rented)
- NOC from the property owner
📝 Other:
- Draft of Partnership Deed
- Affidavit certifying the intent to become partners
Step-by-Step Process of Partnership Registration
Step 1: Drafting the Partnership Deed
The Partnership Deed contains:
- Firm name
- Nature of business
- Capital contribution by each partner
- Profit and loss sharing ratio
- Rights, duties & obligations of partners
Step 2: Notarization of the Deed
The deed must be signed by all partners and notarized on a stamp paper (value depends on the state, e.g., ₹500 in Telangana).
Step 3: Apply for PAN & TAN
Apply for a separate PAN card and TAN number in the firm’s name.
Step 4: Registration with Registrar of Firms (Optional but Recommended)
Submit Form I along with:
- Partnership Deed
- Proof of office address
- ID proof of partners
- Application fees
Once approved, the Registrar of Firms issues a Certificate of Registration.
Timeline for Partnership Registration
Activity | Timeframe |
Drafting & Notarizing Deed | 1–2 working days |
PAN & TAN Application | 3–5 working days |
Registration with Registrar (Optional) | 7–10 working days |
Post-Registration Compliance
- Open a bank account in the firm’s name
- Maintain books of accounts and file ITR
- Apply for GST if turnover exceeds ₹20 lakhs
- Renew licenses or permits as per industry requirements
Why Choose Nikitha Associates?
At Nikitha Associates, we go beyond paperwork. Our team of legal and business experts provides:
- ✅ End-to-end registration support
- ✅ Drafting & notarization of deed
- ✅ PAN/TAN/GST application services
- ✅ Legal guidance tailored to your business
- ✅ Affordable pricing with fast turnaround
We make your Partnership Firm Registration process hassle-free and legally compliant.
Start Your Partnership Firm with Us Today!
Looking to launch your business with a trusted partner? Get started with Nikitha Associates.
