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Partnership Firm Based On Group Of
Partners in a Company

Get Partnership Registration in 7 days.

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Register your Startup from Rs.3,999/-

Why should you register as a Partnership Firm?

A partnership is described as an association between two individuals in order to reach a common goal. A partnership agreement ensures that all partners are held accountable in terms of fulfilling their end of the bargain. Through this page, we’ll tell you everything you need to know about company registration in India as a partnership firm.

There are two main types of partnership firms, registered and unregistered partnership firm. It is always recommend to register a company as a partnership firm, as it offers a range of benefits to the owners. At Our StartUp India, we ensure speedy company registration, and promise that your company can be registered as a partnership firm within 7-10 working days. 

Advantages of a Partnership Firm

Easy to start

As there is next to know legal compliance needed, a partnership firm is very to start.

Flexibility

Company incorporation as a partnership firm is quite popular as its easy to manage and scale up

Scalable capital

Company owners must fund the start-up on their own, which means they can decide how much money to put in, and when. 

Easy decision-making

Partners can rely on each other to make decision and grow their business at an organic pace.

Other Services

Trademark Registration

Rs.5,999/-

Brand Copyright

Rs.3,999/-

FSSAI Registration

Rs.3,999/-

FSSAI License

Rs.6,999/-

Business Plan

Rs.39,999/-

Financial Projection

Rs.29,999/-

GST Registration

Rs.1,999/-

ISO Registration

Rs.7,999/-

Terms and Conditions

Rs.8,999/-

Registration Process Flow

1-2 HOURS

3 WORKING DAYS

2 WORKING DAYS

10 WORKING DAYS

Select Package

Select from a wide variety of packages online or speak to a customer care executive regarding your needs. 

Fill Form No.1 

We help you to fill Form No.1 for Partnership Registration under thePartnership Act. 

Draft The Partnership Deed

We help you draft a partnership deed that spells out the commitments required from each partner and get it notarized so that all members are held accountable by law. 

Partnership Deed Registration 

It takes around 7-10 working days to get the deed registered with the concerned Registrar of Firms.

Documents Required

Minimum criteria
  • A minimum of two partners
  • No minimum share capital needed
Documents for Directors
  • Self-Attested Copy of the Pan Card
  • Self Attested copy of Aadhaar Card / Passport / Driving License / Voter Identity Card
  • Passport size photographs
  • Self Attested Copy of Bank Statement /Telephone Bill / Mobile Bill
Document For Registered Office
  • Electricity/Water bill pertaining to the proposed registered office
  • Copy of rent agreement (if chosen a rented property) or property papers (if owned property)

Simple & Transparent Pricing

Basic Package

Save upto-10% cost on this package

3,999

(inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
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Growth Package

Save upto-20% cost on this package

5,999

(inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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Premium

Save upto-30% cost on this package

11,999

(inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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FAQ's on Partnership Firm

A partnership is a legal agreement wherein two or more individuals give their consent to work towards a common goal, such as building a business.
A partnership firm has an informal structure, which is why partners are not allowed to follow any specific rules. This makes this type of company incorporation quite common in the start-up world.
It is not compulsory, but it is definitely recommended as you can then enjoy a range of benefits. Speak to our team at Our StartUp India to know more.
A partnership does not pay any income taxes. Instead, the profits that are generated pass through the business to the partners who are involved. Each person then reports his or her share of the business profits individually while filing taxes.
The main difference between an LLP and partnership firm is that the partners are personally liable for any business debts in the latter. This means creditors can go after the partner’ personal assets, if needed.
If you are facing a dispute, you can try solutions such as mediation and arbitration. However, if these don’t work, then you can take the matter to court
It is generally recommended to have all essential documents pertaining to your business notarized. This is because it provides an acknowledgment that the signature appearing on the document is that of the person whose signature it purports to be. As a result, if you face a dispute with your partner in the future, the matter can be settled in court, with the notarized document proving that the partner is defaulting on the agreement.
Some of the disadvantages of going ahead with the company registration as a partnership firm include :
  • Partners are individually liable for business debts
  • Partners are subject to the actions of other partners.
  • If one partner leaves, the partnership can end
  • Shared decision making means you do not always have full control over internal matters. This can lead to disagreements or paralysis of the partnership.
The partners in a partnership firm are the owners, and thus, are not a separate entity from the firm. Any legal issues or debt incurred by the firm is the responsibility of its owners, the partners.
A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners. These partners can divide profits and losses equally or unequally.
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