Partnership deed drafting, firm PAN, bank account and optional registration with the Registrar of Firms.
A partnership is the quickest way for two or more people to run a business together, but everything rests on the partnership deed. We draft a deed that fits how you actually plan to share capital, profit, work and exit, get it stamped, obtain the firm PAN and help you open the bank account and complete the registrations the business needs.
A partnership firm is governed by the Indian Partnership Act, 1932. It is formed by an agreement between two or more partners to share the profits of a business. The firm has no separate legal existence from its partners, so each partner is jointly and severally liable for the firm's debts, with personal assets exposed.
Registration with the Registrar of Firms of your state is optional under the Act, but an unregistered firm faces real limits: it cannot sue partners or third parties to enforce contractual rights in court. We therefore recommend registering, in addition to the deed, PAN and other business registrations.
You may need it if any of these describe you.
Capital, profit ratio, salary and interest to partners, powers, bank operation and exit terms are written clearly to avoid disputes later.
No annual ROC filing; the firm files an income tax return and GST/TDS returns where applicable.
Interest and remuneration to working partners can be deducted within the limits of section 40(b), subject to the deed permitting it.
A firm can be operational within days of signing and stamping the deed and getting the PAN.
We can follow up with GST, Udyam, shop licence and current account so the firm is ready to trade.
Deed filed with the Registrar of Firms; gives the firm the right to enforce contracts in court.
Valid but with limited legal remedies; registration can be done later.
No fixed duration; any partner can end it by giving notice.
Formed for a specific project or venture and ends with its completion.
Keep these ready to avoid delays. Send scans or photos over WhatsApp - never share passwords or OTPs.
Plain-English notes. Always verify against the official notification.
| Section / rule / form | What it means |
|---|---|
| Indian Partnership Act, 1932 | Governs formation, rights and duties of partners, liability, dissolution and the effect of registration (section 69). |
| Section 58, Indian Partnership Act | Procedure to register a firm with the Registrar of Firms, including the statement of firm name, place, partners and joining dates. |
| Section 184 and 40(b), Income-tax Act 1961 | Conditions for the firm to be assessed as such and limits on deductible interest and remuneration to partners (for FY 2025-26; equivalent provisions apply under the Income-tax Act 2025 from tax year 2026-27). |
| State Stamp Acts | Stamp duty on the deed differs by state and by capital contributed. |
Statutory dates can be extended by notification - check the official portal before relying on them.
| Activity | Due date |
|---|---|
| Firm income tax return (non-audit) | As notified for the assessment year; verify on incometax.gov.in |
| Registrar of Firms registration | No statutory deadline, but file as early as possible |
| Changes in partners or address | Intimation to the Registrar of Firms within the period stated in the Act |
Plans from our Company Registration Pricing list. Government charges and GST are shown separately.
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
18% GST extra on professional fees
+ 2 more in this plan
| Feature | Proprietorship | Partnership Firm | Private Limited Company | Pvt Ltd Launch Pack |
|---|---|---|---|---|
| Entity type | Proprietorship | Partnership | Pvt Ltd | Pvt Ltd + launch |
| Deed / MOA & AOA drafting | Deed | |||
| PAN for the entity | Individual | |||
| TAN | ||||
| DSC included | 2 directors | 4 directors | ||
| GST registration | ||||
| Bank account support | Checklist | Letter | Checklist | Full support |
| Compliance calendar | Starter | First year |
We never mark up government payments.
Starts at ₹3,999 for deed drafting and PAN application support, before 18% GST. Registrar of Firms filing and bank or GST work are quoted on scope.
Stamp duty on the deed and Registrar of Firms fees are set by your state government and paid at actuals. PAN application fee is as per the NSDL/UTIITSL schedule.
Notary or stamp vendor charges, if any, are paid by you.
What you receive from us.
No. Registration under the Indian Partnership Act is optional, but an unregistered firm cannot file a suit in court to enforce a contract against a third party or a partner. This is why most businesses with real money at stake choose to register.
In a partnership, partners have unlimited personal liability and the firm has no separate legal identity. An LLP gives each partner limited liability and is a separate legal entity, but it has more filings with MCA. We can help you compare the two for your situation.
The firm pays income tax on its profit at the rate applicable to firms. Partners' share of profit is exempt in their hands, but interest and remuneration they receive is taxable as business income for them, within the deductible limits for the firm.
Yes, through a supplementary deed or reconstitution deed with the consent of the partners as per the deed. The change must also be intimated to the Registrar of Firms and updated with the bank, PAN and GST.
Only if your turnover or activity requires it. Supply of goods above the applicable threshold, inter-state supplies of services and e-commerce selling are common triggers. We check this at the time of set-up.
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