Partnership Firm Registration Guide

Registering a partnership firm in India involves selecting a unique business name, drafting a partnership deed outlining partner rights and responsibilities, and submitting it with Form 1 to the Registrar of Firms. Additionally, obtaining a PAN, TAN, and GST registration (if required) ensures legal compliance, tax obligations, and enhanced business credibility.

Benefits of Partnership

Easy Setup

Partnership firms are simple to set up with minimal legal formalities and fewer compliance requirements than companies.

Shared Control

Partners can divide work, financial risks, and make quick business decisions without complex corporate structures.

Tax Benefits

Partnership firms enjoy lower tax rates, and partners receive direct profits based on the agreed-upon sharing ratio.

Partnership Firm Registration Process

Choose a Business Name

Select a unique and meaningful name that represents your business and complies with legal guidelines.

Register the Firm

Submit the partnership deed and Form 1 to the Registrar for legal recognition and benefits.

Obtain PAN and
TAN

Apply for PAN for taxation and TAN for tax deduction and collection purposes.

Draft a Partnership Deed

Create a legal document defining partners’ roles, responsibilities, profit-sharing, and obligations.

Register for GST

Obtain GST registration if turnover exceeds the threshold or business falls under mandatory criteria.

Open a Business Bank Account

Establish a current account to manage transactions, requiring a registered deed, PAN, and address proof.

Register Your Firm Easily

DuAll Fin Advisory’s Partnership Firm Registration Services streamline the registration process with accuracy and compliance. We assist in drafting the Partnership Deed, obtaining necessary registrations (PAN, TAN, and GST), and ensuring adherence to legal requirements. Our tailored approach simplifies regulatory compliance, enabling seamless business operations and strategic growth.

FAQs

Have questions about our Partnership Firm Registration services? We provide seamless, compliant, and efficient registration tailored to your business needs. Our expert team ensures legal compliance, from drafting the Partnership Deed to obtaining PAN, TAN, and GST. Contact us now to get started!

Yes, we help firms open a current account by providing the necessary documentation support.

Yes, an unregistered firm can operate, but registration provides legal benefits. We simplify the process for a hassle-free setup.

A minimum of two partners are required, and the maximum limit is 50 as per legal regulations.

The process typically takes 7-10 working days, depending on state regulations and document verification.

Yes, we help firms acquire a PAN for taxation and a TAN for tax deduction (TDS) compliance.