Partnership Firm Registration
Legally Establish Your Business with Flexibility, Trust & Simplicity
A Partnership Firm is a trusted business model for small to medium-sized enterprises (SMEs) in India. It allows two or more individuals to join hands, pool resources, and run a business together with clearly defined roles, responsibilities, and profit-sharing—documented through a legally binding Partnership Deed.
At The Consulting Crew, we help you register your partnership firm quickly, affordably, and with full legal compliance. Whether you’re launching a new venture or formalizing an existing one, we ensure your registration is smooth and 100% hassle-free.
What is a Partnership Firm?
A Partnership Firm is a business formed when two or more persons agree to share profits and responsibilities. Governed by the Indian Partnership Act, 1932, it is established through a Partnership Deed and can be registered with the Registrar of Firms for legal recognition.
What is a Partnership Deed?
The Partnership Deed is a legal agreement that outlines the framework of your firm, including:
Business name & address
Partner names and roles
Profit-sharing ratios
Capital contribution
Powers and responsibilities
Exit, dispute, and dissolution procedures
Registration of the deed ensures legal protection, credibility, and smooth dispute handling.
01
Simple Formation
Low cost, minimal formalities
02
Shared Responsibility
Workload and liability split
04
Tax Efficiency
Income taxed at partner level
03
Flexibility
No board meetings or MCA filing
05
Capital Pooling
Multiple partners = better funding
06
Diverse Skills
Collaborative decision-making
Advantages of a Partnership Firm
Step-by-Step Partnership Firm Registration Process
We follow a simple, 5-step process to get you registered:
Choose a Business Name
→ Must be unique and non-offensive
Draft the Partnership Deed
→ Custom-crafted as per your business goals
Apply with Registrar of Firms
→ State-level application along with notarized deed
Obtain Registration Certificate
→ Legal acknowledgment of your partnership firm
Apply for PAN, TAN & GST
→ Make your business fully compliant and tax-ready
Registration timeline: 7–10 working days
Documents Required for Registration
For Partners:
- PAN Card & Aadhaar Card
- Passport-size photographs
- Address proof (utility bill, rent agreement, etc.)
For the Firm:
- Notarized Partnership Deed
- Proof of business address
- NOC from property owner (if applicable)
We guide you through documentation, drafting, and filing.
Who Can Be a Partner?
Individuals
Indian citizens/residents, 18+ years, mentally sound
Companies
If their Memorandum permits
Trusts/HUFs
Allowed under certain conditions
Registered Firms
Permitted under law
Minors and insolvent persons cannot become partners
Why Register a Partnership Firm?
Although registration is optional, it offers significant advantages:
| Feature | Registered Firm | Unregistered Firm |
|---|---|---|
| Legal Recognition | ✅ | ❌ |
| Ability to Sue Third Parties | ✅ | ❌ |
| Enforce Agreements in Court | ✅ | ❌ |
| Eligibility for Loans & Tenders | ✅ | ❌ |
| Credibility with Vendors | ✅ | ❌ |
Post-Registration Services by The Consulting Crew
Beyond registration, we support your business with:
- GST Registration & Filing
- PAN/TAN Application
- TDS Return Filing
- Current Account Opening
- MSME (Udyam) Registration
- ITR-5 Compliance
Who Should Opt for a Partnership Firm?
Section 8 Companies must:
- Family-run businesses
- Agencies with shared ownership
- Service providers
- Local retailers
- Startup teams with 2–5 co-founders
Great for businesses looking for collaboration, shared costs, and operational ease.
Disadvantages of a Partnership Firm
- Unlimited Liability- Partners’ personal assets at risk
- Business May Dissolve- On death/exit of a partner (unless stated)
- Risk of Disputes- Conflicts may affect continuity
- No Separate Legal Entity- Partners & firm are legally one
- Limited Scalability- Funding limited to partners
Comparison: Business Structures in India
| S.no. | Feature | Proprietorship | Partnership | LLP | Pvt. Ltd. | OPC |
|---|---|---|---|---|---|---|
| 1 | Legal Status | ❌ | ❌ | ✅ | ✅ | ✅ |
| 2 | Owners | 1 | 2–50 | 2+ | 2–200 | 1 |
| 3 | Liability | Unlimited | Unlimited | Limited | Limited | Limited |
| 4 | Registration Time | 5–7 Days | 7–10 Days | 10–12 Days | 10–15 Days | 10 Days |
| 5 | Tax Filing | ITR-3/4 | ITR-5 | ITR-5 + MCA | ITR-6 + MCA | ITR-6 + MCA |
Why Choose The Consulting Crew?
Experienced Legal Professionals
Drafting of Verified Partnership Deeds
Transparent Pricing & Fast Turnaround
Complete Legal & Tax Support
Trusted by 1000+ Business Owners
100% Confidentiality
