Partnership Registration

Make registering a partnership quick and easy!

Easy, Transparent, and Fastest Way to Register a
Partnership Firm!

₹ 0 + Actual govt fees
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KEY FEATURES TO BE NOTED

Easy to Start

Easy to Start.

Many successful business today are outcome of solid partnership, like Apple, Microsoft. All started with trust and transparency. Partnership firms are one of the easiest to start. The only requirement for starting a partnership firm in most cases is a partnership deed. Hence, a partnership can be started on the same day. it is not important to register, except that in such case firm is deprived of certain legal benefits. We encourage you to register the firm for better legal standing.

Easy to Start

Business Name.

Since the name of a Partnership firm is not registered, a Partnership firm can choose to have any name - as long as it does not infringe on a registered trademark. However, since the name is not registered, any other person can also use the same business name unless trademark registration is obtained.

Easy to Start

Taxation..

Partnership firm has a different legal identity from that of its partners, and whether registered or unregistered, tax return in ITR 5 has to be e-filed. Even certain payment made to partners are allowable as expense. Tax rate is 30% up to income of 1Cr. It is simple to file. We can teach you

Audit not Required.

Your audit is required as per the Income tax Law which says if your turnover is over 5 cr (in case not more than 5% transaction is in cash) except for professional, it is 50 lacs. If you are under presumptive taxation, regardless of the annual turnover audit is not required. Do not worry it is easy to get audited at nominal cost. We will help you to maintain your accounts free in our software. Book keeping helps your business grow

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What is Partnership?

A partnership is a form of business where two or more people share ownership (Profit/Loss), as well as the responsibility for managing the company and the income or losses the business generates. It can be generated on the stamp paper. The firm can have maximum up to 50 partners

Why Choose Partnership?

A partnership, as opposed to a corporation, is fairly simple to establish and run. No forms need to be filed or formal agreements drafted (although it is advisable to write a partnership agreement in the event of future disagreements).

Advantages of Forming a Partnership


Collaboration
Tax advantages
Simple operating structure
Flexibility
Acquisition of capital

Disadvantages of Forming a Partnership

Conflict with partners
Authority of partners
Unlimited liability
Vulnerability to death or departure
Limitations on transfer of ownership if not registered

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Our Packages

Highest Service Level
Register and get free software We will Register for you Grow Your Business faster
Watch tutorial videos to begin your professional journey
FREE
Quick Registration Professionally through Experts
₹6,999+GST
Boost up your business along with Registration
₹9,499+GST
Tutorial Videos To Register Business Yourself Is Included Tutorial Videos To Register Business Yourself Is Included Tutorial Videos To Register Business Yourself Is Included
Entrepreneur Success Training Is excluded Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Accounting and Invoicing Software Is excluded Accounting and Invoicing Software Is Included Accounting and Invoicing Software Is Included
CRM, Website Builder Software Is excluded CRM, Website Builder Software Is Included CRM, Website Builder Software Is Included
Chatbot, Whatsapp, Email, Social Media Automation Software Is excluded Chatbot, Whatsapp, Email, Social Media Automation Software Is Included Chatbot, Whatsapp, Email, Social Media Automation Software Is Included
Professional Consultation Is excluded Professional Consultation Is Included Professional Consultation Is Included
Social Media Presence Is excluded Social Media Presence Is Included Social Media Presence Is Included
Web Presence Is excluded Web Presence Is Included Web Presence Is Included
Setting up your accounting process Is excluded Setting up your accounting process Is Included Setting up your accounting process Is Included
Accept Online Payments Is excluded Accept Online Payments Is excluded Accept Online Payments Is Included
GST Certificate Is excluded GST Certificate Is excluded GST Certificate Is Included
UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is Included

Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


But here is the biggest challenge entrepreneurs face!

It's tough to know where to start, what resources are available, and how to take the business idea from concept to reality.

The journey is full of challenges , there is a lot of competition, and the odds are stacked against survival.

Keeping entrepreneurial moral is difficult, statistics say over 80% entrepreneurs quit within the first two years.


FoundersCart was created by a team of Chartered Accountants with an Idea to help entrepreneurs overcome these challenges.
We observed over 10,000 businesses and break down the path to success into key actionable steps. We curated selection of the best tools and resources that have helped many businesses grow faster. From CRM, web design templates and branding tools, to e-commerce platforms and marketing resources, we've got everything you need to make your business successful. Plus, our community of entrepreneurs is here to support you every step of the way.

So if you have an entrepreneurial spirit, now is the time to put it to good use. The world needs your ideas, your energy, and your passion. Together, we can make a difference.

Documents Required For Partnership Registration

Proprietor
  • PAN ( Permanent Account Number) of all Partners (Minimum 2)
  • Address Proof ( Voter Id, Passport, Driving License, Aadhar Card) of all partners
  • Latest passport size Photographs of all partners
  • Registered Office Address Proof - Electricty Bill along with Rent Agreement / ownership proof of proposed registered office.
  • Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with Present address (could be different from permanent address).
One Person Company
Private Limited
Public Limited
Partnership Firm
LLP
NGO

Need additional assistance?

Contact our experts with any additional questions.


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Please Choose From Below Packages
Register and get free software We will Register for you Grow Your Business faster
FREE
₹6,999+GST
₹9,499+GST
Tutorial Videos To Register Business Yourself Is Included Tutorial Videos To Register Business Yourself Is Included Tutorial Videos To Register Business Yourself Is Included
Entrepreneur Success Training Is excluded Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Accounting and Invoicing Software Is excluded Accounting and Invoicing Software Is Included Accounting and Invoicing Software Is Included
CRM, Website Builder Software Is excluded CRM, Website Builder Software Is Included CRM, Website Builder Software Is Included
Chatbot, Whatsapp, Email, Social Media Automation Software Is excluded Chatbot, Whatsapp, Email, Social Media Automation Software Is Included Chatbot, Whatsapp, Email, Social Media Automation Software Is Included
Professional Consultation Is excluded Professional Consultation Is Included Professional Consultation Is Included
Social Media Presence Is excluded Social Media Presence Is Included Social Media Presence Is Included
Web Presence Is excluded Web Presence Is Included Web Presence Is Included
Setting up your accounting process Is excluded Setting up your accounting process Is Included Setting up your accounting process Is Included
Accept Online Payments Is excluded Accept Online Payments Is excluded Accept Online Payments Is Included
GST Certificate Is excluded GST Certificate Is excluded GST Certificate Is Included
UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is Included

GST @18% : 0

Total : ₹0

all govt fee excluded

GST @18% : 1260

Total : ₹8259

all govt fee excluded

GST @18% : 1710

Total : ₹11209

all govt fee excluded

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Frequently asked questions

A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.

The Partner must be an Indian citizen and a Resident of India. Non-Resident Indians and Persons of Indian Origin can only invest in a Proprietorship with prior approval of the Government of India.

PAN Card for the Partners along with identity and address proof is required. It is recommended to draft a Partnership deed and have it signed by all the Partners in the firm.

There is no limit on the minimum capital for starting a Partnership firm. Therefore, a Partnership firm can be started with any amount of minimum capital.

FoundersCart Associate will understand your business requirements and help you start a Partnership firm by drafting the Partnership deed. Based on the requirements, FoundersCart can also help register the Partnership deed with the relevant Authorities to make the Partnership Firm a Registered Partnership firm.

To open a bank account for a Partnership firm, a registered Partnership deed along with identity and address proof of the Partners need to be provided.

No, a Partnership firm has no separate legal existence of its own i.e., the Partnership firm and the partners are one and the same in the eyes of law. Liability of the Partners is also unlimited, and the partners are said to be jointly and severally liable for the liabilities of the firm. This means that if the assets and property of the firm is insufficient to meet the debts of the firm, the creditors can recover their loans from the personal property of the individual partners.

If the Partnership firm is registered, the Partnership deed will be registered and a Registration Certificate will be issued by the Registrar of Firms.

Partnership firms are business entity that are owned, managed and controlled by one person. So Partners cannot be inducted into a Partnership firm.

There are restrictions on the transfer of ownership interest in a Partnership firm. A Partner cannot transfer his/her interest in the firm to any person (except to the existing partners) without the unanimous consent of all other partners.

Indian Nationals and Indian Residents are allowed to invest in a Partnership firm without any approval. Usually those who invest in the Partnership firm become a Partner of the firm and in the absence of any agreement to the contrary, all partners will have a right to participate in the activities of the business.

Partnership firm will have to file their annual tax return with the Income Tax Department. Other tax filings like service tax filing or VAT/CST filing may be necessary from time to time, based on the business activity performed. However, annual report or accounts need not be filed with the Ministry or Corporate Affairs, which is required for Limited Liability Partnerships and Companies.

It is not necessary for Partnerships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.

Yes, there are procedures for converting a Partnership business into a Company or a LLP at a later date. However, the procedures to convert a Partnership firm into a Company or LLP are cumbersome, expensive and time-consuming. Therefore, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Partnership firm.

FoundersCart can help you prepare your partnership deed and guide how to register them locally with your office of registrar. We have done partnership registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.

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