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Starting a business with one or more partners? We help you register legally and create a partnership deed that protects everyone.
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A partnership is when two or more people agree to run a business together and share profits and losses. Unlike a sole proprietorship, you have partners. Unlike a company, partnership is simpler to set up and has fewer compliance rules. When you register a partnership, you get legal recognition and a certificate from the Registrar of Firms.
Across India, many family businesses are run as partnerships. Two or three relatives or friends pool money, skills, and effort. Registration protects each partner by clearly defining who owns what percentage of the business and how profits are divided. Without registration, if a dispute happens, it's hard to prove what was agreed upon.
When your partnership is registered, you get a separate business identity. Banks take you seriously, you can take business loans, and if anything goes wrong, each partner's personal liability is limited. The partnership deed is the backbone - it explains everything from profit sharing to how decisions are made.
If you don't register your partnership, you're taking a big risk. An unregistered firm cannot file a lawsuit against outsiders or even against its own partners. So if a supplier cheats you or a partner runs away with money, you have no legal standing in court. Many traders have learnt this the hard way. Registration costs just ₹2,499 but can save you lakhs in disputes.
After registration, your main obligations are simple. File income tax return for the partnership every year. Maintain proper books of accounts. If turnover exceeds ₹1 crore, get your accounts audited. If you have GST registration, file GST returns on time. Unlike companies, partnership firms don't need to file annual returns with ROC, which keeps things simpler.
Stamp duty on a partnership deed varies by state, typically around ₹100 to ₹500 depending on the capital amount mentioned in the deed. Some states charge more than others. We handle the stamping process for you, no matter where your business is located.
PAN and Aadhaar of All Partners
Every partner's PAN and Aadhaar card copies
Passport-size Photos
Recent photo of each partner, 4x6 cm
Address Proof of Each Partner
Electricity bill, passport, or Aadhaar card
Business Location Proof
Electricity bill, rent agreement, or property ownership proof
NOC from Property Owner
If office is rented
Partnership Deed
We'll prepare this - it defines profit sharing, roles, and rules
Bank Account Details
Cancelled cheque or bank statement (first page)
We meet all partners and understand the business plan, profit sharing ratio, roles, and responsibilities. This helps us draft the partnership deed correctly.
1-2 daysWe draft the partnership deed covering all aspects - who owns what percentage, how profits are divided, who manages what, and dispute resolution. All partners review and approve it.
2-3 daysThe deed must be stamped at the stamp office to become legal. Stamp duty varies by state - typically ₹100-500. We handle this or guide you to the stamp office.
1 dayWe submit the stamped deed and application to the Registrar of Firms in your state. You'll get acknowledgment that the application was received.
1 dayThe Registrar reviews the documents and issues a registration certificate. This proves your partnership is officially registered. Now you can open a bank account and apply for GST.
Government fees and stamp duty vary by state. This package covers everything - deed preparation, filing, and professional guidance. No hidden costs.
5-7 Working Days
We prepare the deed in 2-3 days, stamp it in 1 day, and file it in 1 day. The Registrar approves in 1-2 days. Total: 5-7 working days from signing the deed.
We draft a deed that covers all situations - profit sharing, partner exits, dispute resolution. Protects all partners.
Clear written agreement means no confusion later. Everyone knows their rights and responsibilities.
Registered partnership carries legal weight. Banks take you seriously. Contracts hold up in court if needed.
Registration at just ₹2,499. Faster than forming a company. Simpler than going unregistered.
Two brothers ready to start a garment manufacturing business. Quorum made us sit together and prepared a deed covering everything. Now we have a proper registered business with clear rules.
Harman Singh and Lovpreet Singh
Singh Brothers Garments, Ludhiana, Punjab
Partnership: Simpler, cheaper to register, all partners pay tax individually, joint liability. LLP: More formal, all partners have limited liability, slightly higher compliance. Choose partnership if you have 2-3 partners and want simplicity. Choose LLP if you need liability protection.
Names of all partners, capital contribution by each partner, profit sharing ratio, roles and responsibilities, how decisions are made, what happens if a partner wants to exit, dispute resolution process.
Yes, but we don't recommend it. Without registration, if a partner cheats you or leaves, you have no legal protection. Bank loans are harder to get. Registration costs only ₹2,499 and gives you real security.
Stamp duty on partnership deed varies by state - usually ₹100-500. It depends on the capital amount and your location. We'll tell you the exact amount for your state.
The partnership deed should have an exit clause explaining this. Usually, the leaving partner's share goes to remaining partners or a new partner joins. Without a deed, it's a mess.
Yes, if your business grows and you want to raise investment. We can help you convert to a private company or LLP.
Yes, all partners must sign the partnership deed. However, one partner can submit documents to the Registrar on behalf of all.
Minimum 2 partners, maximum 20 partners (in most states). Some states allow more. For more than 20, you need to register as a company.
An unregistered partnership cannot file a court case against anyone, not even against its own partners. If a customer or supplier cheats you, you have no legal remedy. You also can't get bank loans easily. For ₹2,499, registration gives you full legal protection.
Partnership is simpler, cheaper, and has less compliance. But partners have unlimited personal liability. Pvt Ltd gives limited liability and is better for raising investment, but costs more and has heavier annual compliance. For small trading businesses, partnership is usually enough.
File partnership income tax return every year. Maintain proper books of accounts. Get audit done if turnover crosses ₹1 crore. File GST returns if you have GST registration. Unlike companies, you don't need to file returns with ROC.
Yes. Late filing of income tax return attracts a penalty of ₹5,000 if filed after the due date but before December 31. After December 31, the penalty goes up to ₹10,000. Interest at 1% per month is also charged on unpaid tax.
Yes. You can use your home address as the business address. Many small partnerships start from a partner's home. You'll need the electricity bill and rent agreement or ownership proof for the address.
Yes. We register partnership firms across India. Filing is done with the Registrar of Firms in your district. We handle the entire process for you.
Yes. Stamp duty differs by state, usually around ₹100 to ₹500 depending on capital. We calculate the exact stamp duty for your location before you pay.
No hidden charges. The ₹2,499 covers deed drafting, filing with the Registrar, government registration fee, and our professional fee. Stamp duty is a government charge that varies by state, usually ₹100 to ₹500. We tell you the exact amount upfront.
A minor can be admitted to the benefits of a partnership but cannot be a full partner. This means a minor can share profits but is not personally liable for losses. Once the minor turns 18, they can choose to become a full partner.
The Registrar of Firms charges around ₹500 to ₹1,000 as registration fee. Stamp duty on the deed is usually ₹100 to ₹500 depending on your state. These government charges are included in our ₹2,499 package.
Want liability protection for each partner? LLP gives you that with company benefits.
Learn more →After partnership registration, get GST number to bill clients and buy supplies.
Learn more →If you have a shop or office, you need this local license.
Learn more →Fill the form below and our CA will call you back within 2 hours.