Register Your Partnership Firm

Are you interested in registering your partnership? Here you have it: simple setup, little expenses, painless processing, quick updates. Get your partnership firm registered with the assistance of Experts from KNAP Advisory for only 4,999 (Govt fees extra). To initiate the procedure, pay only 2,499*/- now and the remainder balance when processing commences.

Documents required for Partnership Registration

  • Application for partnership registration (Form 1)
  • Original, certified copy of the partnership deed
  • Proof of principal place of business of firm.
  • PAN card and address proof of partners.

Benefits of a partnership

  • Minimum Compliance            
  • Simple to begin
  • Economical

How can Knap Advisory help in Partnership Firm Registration?
We offer comprehensive assistance in Partnership Firm Registration, simplifying the complex process for you. Our experienced team provides expert guidance, aids in document preparation, assists with name selection, and ensures full legal compliance. We take care of submitting your application to the relevant authorities and keep you informed with timely updates. Whether initiating a new partnership or formalizing an existing one, our services are tailored to your unique needs. We don't stop at registration; our support continues post-registration, helping you understand the ongoing responsibilities of operating a registered partnership firm.

With Knap Advisory, you can confidently navigate the registration process, knowing that your partnership is established efficiently, allowing you to concentrate on your business's growth. Our cost-effective solutions make the entire process hassle-free and affordable. Contact us today to take the first step toward a successful partnership.

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Partnership Firm Registration

An Overview- Partnership Firm Registration in India

A partnership firm is one of the most appropriate types of business in which two or more people start a business and agree to share earnings and losses in a predetermined ratio. They operate and manage the firm in compliance with the Partnership agreement's terms and conditions.

Partners have unlimited obligations, which implies they are liable for the company's debts. These types of partnership firms are simple to establish and manage. Partnership firms are always a good alternative because of their low cost, convenience of starting up a business, and little compliance obligations.

The Indian Partnership Act of 1932 governs the registered partnership firm. The partnership deed governs all of the rights and duties of a firm's partners. The partnership agreement is written in compliance with the Indian Partnership Act of 1932.

We guarantee complete customer satisfaction and quick service delivery with a team of certified experts and Chartered Accountants. You can easily register a partnership firm with


Why to choose Partnership Firm registration in India? (Benefits of partnership firm registration)


One of the most fundamental advantages of a partnership business is that risk is shared equally by all members. Because a partnership comprises multiple participants, the risk is shared by everyone.

Ownership management

The owners of the partnership firm are partners, so it is easy for them to take any decision. In comparison to other corporate entities, decision making in a partnership is simple.

Access to knowledge, skills and better decision making

Each partner in a partnership firm brings their own set of knowledge, abilities, and experience. It may increase your chances of success. It is preferable for partnership firms to have solutions based on joint decision in a crucial scenario.

Minimal compliances

Audit compliance applicable in case Partnership Firms only if the turnover exceeds Rs. 50 Lakhs/ Rs. 1 Crore.

A Detailed Process of Partnership firm Registration in India (How to make partnership firm ?)

It is simple to register a partnership firm. It only requires a few compliances. To register a Partnership firm in India, simply follow these simple steps.

     1. Select a unique name

You should choose a unique name for your firm based on the preferences of all partners.

     2. Make a Partnership Deed

The next step in the registration process is to make a partnership deed, which includes provisions such as profit/loss sharing, salary, interest on capital, draws, admission of a new partner, and so on. Partnership agreement should include the following mandatory points

  • Complete details of the partners
  • Address and name of the firm
  • Type of business, which will start
  • Effective date of partnership firm registration
  • Ratio of profit or loss to be shared
  • Partnership duration
  • Withdrawal of money
  • Salaries and incentives
  • Death , Admission or Retirement of partners

 3.  Firm’s PAN Card

The Partners of the Firm must apply for the firm PAN card. Form 49A must be filled in order to apply for a PAN. Website for PAN application:-

  4.  Open A Current Account of the Firms

The firm needs to submit following documents for opening a current bank account, which are as follows:-

1. Partnership deed

2. PAN card of the Firm

3. Address Proof of the firm

Documents required for the Partnership Firm registration in India

Following Documents will require to register partnership firm in India.

  • Partnership Deed

The most important aspect of partnership firm registration is the creation of a partnership deed. It is recommended that you prepare it in writing to avoid future conflicts. The partnership firm agreement establishes the rights and responsibilities of the partners.
Partners in partnership firms are personally liable for any corporate or business debts.

  • Documents of Partners
    For identity proof : PAN
    For address proof : AADHAAR card/ Voter ID/  Driving License
  •  Firm Office Address
    Any utility Bill : Electricity Bill/ Telephone Bill/ Mobile Bill etc.
    Rent Agreement if rented/ leased
  • Trade/legal name of the firm


How many partners can be there in a partnership firm?

Minimum of 2 persons and maximum of 20 is required for the registration of a partnership firm company.

What is a partnership agreement or deed?

A partnership deed is an agreement between the partners of the firm that describes the terms and conditions of the partnership. It defines words like profit/loss sharing, salary, interest on capital, draws, admission of a new partner, and so forth.

Is it necessary for a partnership firm to have a name?

If you want your clients to find you, talk about you, and promote you, you need a business name that defines your firm.

What is the capital required to register a partnership firm?

There is no minimum capital requirement as such.

Who is eligible to be a partner in a partnership firm?

A partner in a Partnership firm can be any person above the age of 18. Individuals might be partners in the capacity of HUF representatives (Hindu Undivided Family).

Can a partner transfer his right of partnership firm to the outsider?

Any partner cannot transfer his right to an outsider without the approval of all partners, and he cannot bring a new partner without the consent of all partners.

What are the benefits of Partnership firm?

• Partnership firms have the following advantages;
• Minimal compliances necessary for registration;
• An equal share of liabilities.
• Management and ownership are straightforward.
• It is cost-effective and ideal for small businesses.

How many types of partners are there?

There are mainly five types of partners
1. Active partner
2. Dormant Partner
3. Nominal Partners
4. Profit Partners
5. Minor partners

Who are minor partners?

Minors cannot be partners, however he can be registered for Partnership benefits with the consent of partners.

What does it mean by partnership at will?

Any partner has the authority to dissolve the partnership firm. It does not have a collaboration agreement.

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