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Partnership Firm

The partnership firms are governed by the Indian Partnership Act, 1932.

A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member of such a group is known as partner and collectively known as partnership firm.


  • Partnership registration is very easy.
  • Partnership registration is inexpensive as compared to LLP.
  • It has minimum compliance requirement.
  • Flexibility in Operation.

Documents required

  • Statement in Form 1 with the prescribed fees
  •  copy of the Partnership Deed must be Notarised stating the following :
    • The firm-name
    • The nature of business of the firm
    • The place or principal place of business of the firm
    • The names of any other places where the firm carries on business
    • The date of joining of each partner
    • The names in full and permanent addresses of the partners
    • The duration of the firm
  • Proof of ownership or rent/lease of the location of your business.(e.g. Electricity Bill/ Water Bill or Rent/Lease/Leave and Licence Agreement of Business Place)
  • Copy of PAN Card of partners
  • Copy of Aadhaar Card/ Voter identity card
  • Affidavit declaring intention to become partner
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