Partnership Firm Registration in India
Partnership Firm Registration in India is a practical and cost-efficient way for two or more individuals to conduct business together. It is regulated by the Indian Partnership Act, 1932, which defines the rights, duties, and responsibilities of partners. A properly registered partnership firm can operate legally, open bank accounts, enter into contracts, and establish credibility with clients, suppliers, and financial institutions.
In a partnership firm, partners share profits, losses, and management responsibilities according to the partnership deed. Although it does not have a separate legal identity like a company or LLP, this structure is widely used by family businesses, traders, professionals, and small enterprises due to its operational flexibility and simpler compliance requirements.
Key Features of Partnership Firms in India
Minimum of two partners and generally up to fifty partners
Profit sharing and responsibilities defined in the partnership deed
Partners have unlimited liability
Relatively simple taxation and bookkeeping requirements
Governed by the Indian Partnership Act, 1932
Easy to establish, manage, and close when required
Eligibility Criteria for Partnership Firm Registration
Minimum two partners
Valid PAN, identity proof, and address proof of partners
Registered business address
Partnership deed defining rights, duties, and profit sharing
Documents Required
PAN and Aadhaar of all partners
Address proof of partners
Proof of office such as rent agreement, ownership document, or no objection certificate
Signed partnership deed
Advantages of Partnership Firm Registration
Simple and quick formation
Lower compliance compared to corporate entities
Flexible profit and capital structure
Shared skills, investment, and responsibilities
Recognition by banks and government authorities
Tax benefits as per the Income Tax Act
Our Partnership Firm Registration and Compliance Services
Partnership Formation and Registration
Drafting of a legally compliant partnership deed
Firm registration under Section 58
PAN and TAN application
GST registration if applicable
Bookkeeping and Compliance Support
Maintenance of accounting records
Income tax return filing
GST compliance and TDS filings
Support for audits and assessments
Advisory and Legal Assistance
Guidance on capital contribution and profit sharing
Banking and financial advisory
Risk management and dispute support
Why Choose i Tax GST Filing
Experienced team of Chartered Accountants and Company Secretaries
End-to-end support from registration to ongoing compliance
Strong and legally compliant partnership deed drafting
Transparent process and pricing
Integrated support for taxation and bookkeeping
Our Commitment
i Tax GST Filing ensures your partnership firm registration is accurate, compliant, and legally secure. From deed drafting to statutory filings, every step is managed so you can focus on running and growing your business.
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