Partnership Firm Registration
A properly drafted deed, firm PAN and registration with the Registrar of Firms — the simplest multi-owner structure, done right.
Overview
A partnership firm remains the fastest, lowest-cost way for two or more people to run a business together: minimal formation formalities, simple taxation, and complete internal flexibility. The trade-off is unlimited liability — partners are personally liable for the firm's obligations — which is why the deed that governs the relationship deserves more care than the ten-minute template it usually gets.
We draft the deed around your actual arrangement: capital contributions, profit ratios, partner remuneration and interest structured with tax deductibility in mind, duties, and what happens on retirement, death or dispute. We then obtain the firm's PAN, complete registration with the Registrar of Firms (optional in law, but unregistered firms face real restrictions on enforcing claims in court), and prepare the bank account documentation.
Who needs this
- Two or more people starting a business together with minimal formality
- Family businesses formalising an existing informal arrangement
- Traders and shops adding a partner and needing a deed and firm PAN
- Existing unregistered firms that now need Registrar of Firms registration
- Firms whose old deed needs reconstitution — partner admission, retirement or ratio change
Documents required
- PAN and Aadhaar of all partners
- Photographs of partners
- Business address proof — utility bill with rent agreement/NOC, or ownership document
- Agreed terms — capital contribution, profit-sharing ratio, remuneration and interest on capital
Your case may need one or two documents more or fewer — we confirm the exact checklist before starting.
How it works
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Terms settled
A short working session to settle the terms that matter: capital, ratios, remuneration, drawing rights, and exit provisions. Ambiguity here is where partner disputes start.
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Deed drafted & executed
The deed is drafted — with remuneration and interest clauses structured for income tax deductibility — reviewed by all partners, and executed on stamp paper of the correct value.
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PAN & registration
The firm's PAN is obtained and the application is filed with the Registrar of Firms with the prescribed documents and fees. State processing times vary; we track it through.
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Bank & next registrations
Current-account documentation is prepared, and we advise which registrations your firm needs next — GST, MSME/Udyam, professional tax — based on what it will actually do.
What you receive
- Executed partnership deed (with a soft copy for your records)
- Firm PAN card
- Registrar of Firms registration certificate
- Bank account documentation and a next-registrations checklist
Pricing
Fixed fee, quoted in writing before work begins. The fee depends on your business constitution and the complexity of the case, so we quote after a short (free) conversation — never after the work is done.
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