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.

Get in Touch

4.8
4.5

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 Knapadvisory.com.

Benefit

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

Risk-sharing

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:- https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html

  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

HELP & FAQs

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.

knap google reviews

Abhishekn Sharma

★★★★★
2023-01-06

KNAP Advisory is helping with taxes and filings. They are responsive and legit in getting the job done. Special thanks to Kunal for helping me out with tax planning.

Priyanka Verma 09

★★★★★
2023-02-16

Got my private limited company registration with incredible ease. KNAP Advisory is a group of specialists. Also grateful for your bookkeeping services. With the aid of your experienced and cooperative workforce, the entire procedure runs well.

Abhi Rawat

★★★★★
2023-01-02

The company registration process with KNAP Advisory was quite smooth and quick. They solved all my queries relating to registration, and I got my company in few days. Also, their after-sales service is top notch.

Kumar Bhaskar

★★★★★
2023-01-04

We are associated with KNAP Advisory for quite a long time now. We are receiving all services on one platform. They manages all compliances, including ROC, GST, and income tax. Quite dependable, trustworthy, and really serious regarding the services provided. I will undoubtedly endorse their services.

Bibek B

★★★★★
2023-01-01

I had a great experience working with KNAP ADVISORY team. Their team was professional, efficient, and delivered excellent results. They provided top-notch service from start to finish. Highly recommended.

Kashish Arora

★★★★★
2022-12-30

I’ve had contracted KNAP Advisory for both personal and corporate affairs. The advisors are quite creative in financial terms. And the service is super quick but sometimes have slightly longer turnarounds during year end times.
Regardless, I’d definitely recommend the team!

Vaibhav Gupta

★★★★★
2022-12-16

I'm glad that I went with KNAP Advisory for the legal compliances. I would always gladly recommend them. All of the employees are kind and generous, and they are dedicated to meeting the needs of their consumers at all times. Special thanks to Neeraj Sir.

Kumar Vikash

★★★★★
2022-12-28

Totally satisfied with KNAP Advisory team. Very supportive and caring professionals. Asha took care of the GST registration and GST return filing very diligently. Till now they are providing the amazing services through chat support and constant reminders for data.

Bhavishey Ahuja

★★★★★
2022-12-17

Their Compliance executive Asha Rana is incredibly responsive and guided me through a very user-friendly GST return filing process. Special thanks to all the team member of KNAP Advisory for their endless support.

Aman Rai

★★★★★
2022-12-30

I'm having awesome experience with KNAP team. Team is always easy to approach and really helpfull. Good support and satisfied with the services and their team.

Satyam Singh

★★★★★
2022-12-26

They are highly competent and trustworthy. Their WhatsApp chat support is unparalleled. You send a query and you get the response within a few minutes.

Vivek Singh

★★★★★
2023-03-02

Very happy with their support and service. I contacted them for taxation purpose they helped me a lot. Kudos to Kunal Mehta and Team. Keep up the great work.

aabid ansari

★★★★★
2022-12-29

Offering every company related services at very reasonable pricing. Anuj is helping in accounting and TDS filing. Knowledgeable and dependable staff.

Vikas Singh

★★★★★
2022-12-26

Completely satisfied with company registration process. They are young in market but quite dependable. Special thanks to Ashish, who took care of every thing. Just go with them if you are looking for company registration services.

Avnish Rai

★★★★★
2022-12-28

These guys are very professional and meet their Commitments. They did our trademark registration in India, they work so possessive and positively. I had a wonderful experience.

Vishal Bajaj

★★★★★
2022-12-28

Right platform for all the legal requirements. Getting my taxes filed. Great experiance working with them. Kunal and his team is always ready to solve the issues.

R R Mishra

★★★★★
2022-12-28

Best CA in delhi to handle income tax matters. Very knowledgable and proficient to handle income tax return filing and assessments.

Parveen Rawat

★★★★★
2022-12-21

They have very much experience in accounts and audit ....they have excellent team to deal with any problem faced in GST, Income Tax, Finance and all

Vivek Sharma

★★★★★
2022-12-20

I have learned quite a lot from the them. I have done my Internship and it was wonderful experience working with KNAP Advisory.

Piyush Jain

★★★★★
2022-12-22

So far so Good
Kunal is polite and customer friendly. His team is professional and experienced. Thanks

Internet Wali Duniya

★★★★★
2023-01-25

They handled all of my company's compliances like a pro. Highly recommended. Big Thanks to their taxation team.

Alok Kumar

★★★★★
2023-03-02

I am getting my Income Tax return filing from them. Easy & quick process. Charges are quite nominal as well.

Monika Mehta

★★★★★
2023-02-09

Excellent work service for taxes. They always provide Quick and prompt service. I will recommend this firm.

Sakshi Jhamb

★★★★★
2022-12-14

Good and supportive team. You can trust them for all your company needs, Highly recommended.

Chandar Singh

★★★★★
2022-12-13

Getting all company related services under One roof. Thanks for the support.

narendra lal

★★★★★
2022-06-09

Very supportive and knowledgeable people. Truly amazing experience

Vipul Bansal

★★★★★
2023-06-27

Best in Service! Best in support! Timely delivery! Regular updates! Reasonable fee!
The one stop solution for all your compliance need. Offer a seamless process for pvt ltd company registration.
Specialized in taxation, secretarial compliances and startup services.

PARVINDER RAWAT

★★★★★
2023-07-06

I m very happy to work in KNAP team, they are kind and always ready to give their full time to their customers, for company registration, GST work, TDS, Income and other compliances they easily handle all the works.

Legal Info

KNAP Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.