Partnership Firm Registration in India
A partnership firm is a straightforward way for two or more people to run a business together, governed by a partnership deed. It is quick and inexpensive to set up.
The trade-off is that partners have unlimited personal liability for the firm's debts. Registration is optional under the Partnership Act, but a registered firm has stronger legal standing — for example, the ability to sue to enforce contracts.
Key features and requirements
- Governed by a partnership deed between two or more partners
- Simple, low-cost formation
- Partners have unlimited personal liability
- Registration is optional but strongly advisable for legal protection
- Requires PAN and, usually, GST and a bank account in the firm’s name
How TaxSastra handles this
We draft a robust partnership deed and register the firm, and set up its PAN, GST and other registrations so it can trade cleanly.
What’s included
- Drafting the partnership deed
- Firm registration with the Registrar of Firms
- PAN application for the firm
- GST and other registrations as needed
- Bank account documentation
- Guidance on partner rights and profit sharing