Partnership Firm Registration

“Partnership” is the relation between two or more persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have agreed to enter into partnership are called individually, “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm-name”.

Partnerships in India are governed by the Indian Partnership Act, 1932. As per the Partnership Act.

Documents for Partnership Firm Registration

  • PAN of Partners
  • Aadhaar of Partners
  • Rental Agreement
  • Latest Electricity Bill

COMPARE OPTIONS FOR Partnership Firm Registration

Legal Entity Registration Fee (Excluding Govt. Fee) Recommended for Separate Legal Entity Credibility Audit Compliance Annual Filing with Registrar of Companies Limited Liability Income Tax Return
Private Limited Company Rs. 2,499/- Growing Startups Yes High Compulsory Yes Yes Yes
LLP Registration Rs. 1,999/- Service Providers, Professional Service Firms, Trading Business Yes Low Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs Yes Yes Yes
One Person Company Registration Rs. 1,999/- Independent Promoters Yes High Compulsory Yes Yes Yes
Partnership Firm Registration Rs. 1,999/- Family Business No Low Subject to turnover of the firm No Unlimited Yes
Public Limited Company Rs. 7,999/- Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public. Yes Very High Compulsory Yes Yes Yes