Partnership Firm Registration

A Partnership Firm is a popular business structure in India, ideal for small and medium-sized businesses. It is governed by the Indian Partnership Act, 1932 and allows two or more individuals to come together and run a business with shared responsibilities and profits.

Partnership Firms are easy to establish, cost-effective, and offer flexibility in management. However, partners have unlimited liability, meaning they are personally liable for the firm's debts and obligations.

Partnership Firm Registration

A Partnership Firm is one of the most traditional and flexible forms of business in India. It allows two or more individuals to come together, share profits and losses, and run a business under a mutual agreement known as the Partnership Deed.

Partnership firms are ideal for small and medium businesses, professionals, and family-run enterprises looking for simplicity in management and low setup costs.

Our Services for Partnership Firms

Partnership Deed Drafting & Registration – We help you draft a comprehensive partnership deed (covering capital, profit-sharing, roles etc) and assist in registration with the Registrar of Firms.
Firm Name, Address & PAN/TAN Setup – Guidance on selecting the firm name, getting registered office address, firm PAN and TAN and linking with GST if required.
Registration Follow-up & Legal Certainty – We handle statutory filings, registration certificates and help ensure your firm is legally sound.
Annual Compliance & Amendments – Even after registration, we support you with change in partners, registered office, capital contributions and annual income-tax filings.
Transition & Growth Advisory – As your business grows, we advise on when you should convert to an LLP, Private Limited, or restructure for tax and liability benefits.

Why Choose Prowess Tax Consultancy

Experienced in partnership firm registrations and legal compliance.
Transparent process with clear timelines and fees.
Support tailored for small-businesses, professionals & start-ups.
One-stop solution for registration, tax, compliance and advisory.

Frequently Asked Questions (FAQs)

1. Is registration of a partnership firm mandatory?

No – registration is optional, but a registered firm enjoys important legal and financial benefits.

2. How many partners are needed to form a partnership firm?

A minimum of two persons is needed to form a partnership firm.

3. What documents are needed for registration?

Key documents include a signed partnership deed, PAN of the firm, address proof of the firm & partners, and ID/address proof of partners.

4. Can a partnership firm convert into another business structure?

Yes – a partnership can convert into an LLP or Company if business growth, liability or investment reasons require.

5. What are the benefits of registering a partnership firm?

Registration allows the firm to enforce contracts, claim certain rights, build credibility and access financial advantages.