Partnership Firm Registration India
Partnership Firm Registration India is when persons come along together to start a business together.
Get Partnership Firm Registration online through Bharatregister for a quick and hassle free registration.
Lowest Money
100+ CA/CS
Satisfaction & Money Back Guarantee
Partnership Firm Registration India
Partnership firm represents a business entity that is formed with a purpose of making a profit from the business. Two or more parties come together with a formal agreement to own and manage the business. The risk and responsibilities are shared amongst the partners that shred the burden of an individual partner. Also, when two comes together, more capital and expertise are combined that helps to reach the business goals easily.
Partnership Act, 1932 defines the structure of a Partnership firm by providing all the necessary provisions to run the same. The Act validates both unregistered and registered partnership firms India. However, an unregistered partnership has few shortcomings that attract partners towards Partnership Firm Registration. But, one can overcome it by partnership registration firm online anytime after it is formed.
Benefits of LLP Registration
Shared Responsibilities
Operating Flexibility
Pre-defined Object or Period
Various Financial Returns to the Partners
Pan Card
Address Proof
Business Address Proof
Rent Agreement
Documents Required for Partnership Registration India
In India, llp registration cannot be done without proper identity and address proof. These documents will be needed for all the partners of the company to be incorporated. Listed below are the documents that are accepted by MCA for the llp registration process acceptable.
Partnership Firm Registration Process
At Bharat Register, we can help you in Partnership Firm Registration anywhere in India in less than seven working days. At the beginning of the engagement, an Advisor from Bharat Register will brief you about the process and provide you with a list of documents required for registration of partnership firm. You can submit the information and documents required through our mobile app or website. Once, the documents and information are verified, a partnership deed will be drafted and sent to the Partners. All the Partners must sign the document on stamp paper and upload a copy on the platform. Once, the signed partnership deed is available; it is registered with the concerned Registrar of Firms and Certificate of Registration of Partnership Firm is provided. In addition to delivering the Certificate of Registration of Partnership Firm, we can also help you open a Bank Current Account in the name of the partnership firm through ICICI or DBS Bank.
Make Application in 3 Easy Steps
1. Answer Quick Questions
- Pick a Package that best fits your requirements
- Fill in our questionnaires that take less than 10 minutes
- Provide basic details & documents required for registration
- Make payment through secured payment gateways
2. Relax While Team of Experts Get It All Done
- Assigned Relationship Manager
- Drafting a Partnership Deed
- Payment of Stamp Duty on Deed
- Notary of Partnership Deed
- Application for PAN and TAN
3. Establishing a Partnership Firm
- All it takes is 12 working days
It is not compulsory. But registration proves the legality to the existence of the firm.
The Partnership Act does not prohibit a non-citizen from joining an Indian partnership firm, subject to necessary clearances and permissions from satisfactory authorities in this regard.
 There are no such guidelines on minimum capital by partners. It is not necessary for each partner to contribute equally to the capital. The contribution is based on the agreement between the parties.
Yes, partners may be partners in another firm in their individual capacity.
Compare and know which Company type suits you:
Managing Your Business
Private Limited Company
Limited Liability Partnership
One Person Company
Partnership Firm
Proprietorship Firm
Governing Act
Companies Act, 2013
Limited Liability Partnership Act, 2008
Companies Act, 2013
Indian Partnership Act, 1932
No specified Act
Registration Requirement
Registration under Companies Act is mandatory
Registration under LLP Act is mandatory
Registration under Companies Act is mandatory
Optional
There is no registration criteria prescribed. But, registration is recommended
Number of members
2 - 200
2 - Unlimited
Only 1
2 - 50
Only 1
Separate Legal Entity
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
It is a separate entity and can own assets in its name
Proprietor and business are considered the same
Liability Protection
Limited up to the total value of shares subscribed
Limited up to the value of shares subscribed
Limited up to the total value of shares subscribed
Partners are jointly and severally liable to pay the debts of the Partnership Firm
Proprietor’s liability is to pay-off all the debts and obligation of the firm
Statutory Audit
Auditor must be appointed within the 30 days of incorporation
Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh
Auditor must be appointed within the 30 days of incorporation
Statutory audit not applicable. Tax audit may be applicable based on turnover
Statutory audit not applicable. Tax audit may be applicable based on turnover
Ownership Transferability
Shares can be transferred with the consent of other Shareholders
Ownership can be changed with consent of other partners
Shares are not transferable easily
Ownership is not transferable easily, clause of partnership deed should be referred
Firm is no different from proprietor and so ownership is not transferable
Uninterrupted Existence
Perpetual existence as the management and owners are different. Ownership is easily transferable
Change in Partners or Designated Partners does not affect the existence of LLP
Perpetual existence. The nominee will take place of member
Change in partner leads to dissolution or formation of another partnership firm
Death or insolvency of proprietor directly affects the firm
Foreign Participation
Foreign national are allowed to invest under the Automatic Route
Foreign nationals are allowed, subject to FDI Guidelines
Member, nominee and director must be an Indian resident
Foreign nationals are not allowed to be a partner
Foreign Nationals cannot commence proprietorship business
Tax Rates
Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable
With tax rate of 30% on business profit, no tax on income distribution to partners
Tax rate applicable for small companies is reduced to 22%, dividend distribution tax applicable
With tax rate of 30% on business profit, no tax on income distribution to partners
Tax rates of individual applied to Proprietorship Firm
Statutory Compliances
Companies have to meet high compliance requirements
Lesser compliance requirements compared to companies
Separate ITR of partnership is filed, else there is no filing requirement
With tax rate of 30% on business profit, no tax on income distribution to partners
No compliances and no requirement to file a separate ITR
Here's How it Works
1. Fill Form
2. Call to discuss
3. Get Certificate
