Partnership Firm Registration

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Diffusion of Risk

A Partnership is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. A Partnership is easy to form, and the compliance is minimal as compared to companies.

A partnership is governed by a partnership deed, which must be a written document duly signed by all the partners. The deed fulfills the requirement of dissipating information about the firm – name, partners’ details, nature of the business, the location of the business and others. Without much hassle to accumulate a minimum capital, two or more people can start a partnership firm, as there is no minimum capital requirement under the Act.

Successful partnership in business

Lex Koterie LLP provide easy formation of a partnership firm with combined talent, judgement & skill being applied by our leading professionals as per the requirements of the business. We ensure growth, diffusion of risk, tax advantage and other services to our clients which include:

  • Consultation & guidance in planning for partnership firm.
  • Drafting of partnership deed and supporting documents.
  • Receipts of Certificate & follow-up.
  • Application of PAN
  • Expert support during business hours.
Requirements to form a Partnership Firm under the Act.
  • There must be an agreement between two or more persons.
  • The agreement must be to share the profits of the business.
  • All partners together, or any one, on behalf of the others must carry on the business.
Steps to register for a Partnership Firm under the Act.
  • Choose name for a partnership (not be similar or identical to existing company) 
  • Draft a Partnership Deed
  • Apply for a PAN Card in the Partnership Name
  • File a registration application
  • Submit the necessary documents
  • Pay the fees and stamp duties
  • Finalize the Deed
  • Certification from the Registrar

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