Traditional partnership structure with shared ownership and responsibilities. Ideal for businesses run by two or more partners with mutual trust.
Overview A Partnership Firm is a business entity where two or more individuals come together to carry on business and share profits. It's governed by the Indian Partnership Act, 1932. While registration is optional, a registered partnership provides legal recognition and the ability to enforce rights against third parties.
Key Features
Easy formation with partnership deed
Combined skills of partners
Less regulatory compliance than companies
Shared capital and resources
Flexible profit-sharing ratios
Joint decision making
Documents Required
PAN Cards of all Partners
Aadhaar Cards of all Partners
Passport-size Photographs of Partners
Address Proof of Partners
Proof of Principal Place of Business
Rent Agreement / NOC from Owner
Partnership Deed (drafted by us)
Process & Timeline
Deed Drafting
Draft comprehensive partnership deed with all terms
Day 1-2
Deed Execution
Sign and notarize the partnership deed Day 2-3
Firm Registration
Register with Registrar of Firms (optional) Day 3-5