Share your contact details and receive a free consultation from our experts.
Submit Documents for your Order Using Online Dashboard.
Make Online or Offline Payment for your Order.
Work will be completed by us and updates delivered Online.
A simple and cost-effective business structure for two or more individuals who wish to start and operate a business together with shared profits and responsibilities.
A Partnership Firm is a traditional business structure where two or more individuals come together to share profits, losses, and responsibilities as defined in a Partnership Deed. It is governed by the Indian Partnership Act, 1932 and is widely chosen for small and medium-sized businesses.
The structure is simple to form, requires minimal compliance, and ensures flexibility in management and decision-making between partners.
Lawcify helps you with end-to-end Partnership Firm Registration in India — from drafting the Partnership Deed, applying for a PAN, and registering with the Registrar of Firms (ROF) to assisting with GST Registration and compliance filing.
A Partnership Firm is one of the most common forms of business structures in India, formed by two or more individuals who agree to share the profits and responsibilities of the business. It is governed by the Indian Partnership Act, 1932.
Partnership Firms are ideal for small and medium-sized businesses where trust and cooperation are key. Registration of a partnership firm with the Registrar of Firms (ROF) provides legal recognition, helps open a current bank account, and ensures credibility while dealing with clients.
Lawcify simplifies your Partnership Firm Registration with end-to-end support, ensuring complete compliance with legal requirements.
A partnership firm can be dissolved voluntarily or under legal circumstances. The partners can mutually decide to close the firm by executing a Dissolution Deed.
After dissolution, the assets and liabilities of the firm are settled according to the Partnership Deed.
Everything you need to know about Partnership Firm Registration in India.
No, registration of a Partnership Firm is not compulsory. However, registering the firm provides legal recognition, enables dispute resolution, and helps access loans and business credit more easily.
Registering a partnership firm offers multiple benefits including:
The registration process involves the following steps:
No, a Partnership Deed is mandatory for registration. It defines partner duties, rights, and profit-sharing terms, ensuring clarity and avoiding disputes.
While a deed isn’t mandatory to start operations, it’s highly advisable to create one. Without a deed, the firm will be governed by the Indian Partnership Act, 1932, which may not reflect the partners’ intended terms.
The Partnership Deed acts as the foundation of the firm. It defines partner roles, responsibilities, capital contributions, and profit-sharing. It also outlines how disputes will be resolved and how new partners may be admitted.
Yes. Partners can mutually dissolve the firm through a Dissolution Deed or follow the procedure mentioned in the Partnership Deed. Notification must be sent to the Registrar of Firms for formal closure.
Yes, a partnership requires at least two partners and can have up to 20 partners in most cases, depending on the nature of the business and local jurisdiction rules.
If the firm remains unregistered, it cannot file legal suits against partners or third parties. Also, it may face challenges obtaining loans and enforcing contracts legally.
Lawcify offers expert chartered secretary services, specializing in corporate governance and compliance, ensuring businesses run smoothly and stay legally compliant.
© Lawcify