Explore the perks of partnership in your business journey!
Mindful decision-making: with multiple partners involved, leveraging diverse perspectives.
Attract more capital than a sole proprietorship, enabling expansion and better investment.
Enhance credibility and public perception, as multiple partners can reassure clients.
Benefit from pass-through taxation, where profits are taxed at the individual partner level, potentially lowering the overall tax burden.
Reduce the burden on a single individual and provide a safety net in challenging times.
Continue to operate smoothly even if one partner leaves or passes away, depending on the partnership agreement.
Quickly and easily register your partnership with our step-by-step guide!
Fill Up the Forms
Submit the Documents
Reserve Your Partnership Firm Name
Pay Professional Fee
Get Your Partnership Firm Registered
Ensure all must-have documents for quick partnership registration with this checklist
Get informed on the basic requirements to form your partnership firm
Explore the full range of benefits your package offers
Trust Startup Movers for a seamless partnership registration experience
10+ years of experience with 80+ experts guiding you every step of the way.
All-inclusive pricing with no hidden fees.
Get your Partnership Firm registered in just 10 days.
From documents to compliance, we handle it all.
Join a large community of successful businesses.
We’ve helped startups grow into billion-dollar businesses.
Your one-stop solution for effortless Private Company Registration
Assess your registration choices and choose wisely!
Feature | Partnership Firm | Private Limited Company | Limited Liability Partnership | One Person Company | Proprietorship Firm |
---|---|---|---|---|---|
Applicable Law | Indian Partnership Act, 1932 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Companies Act, 2013 | No specified Act |
Registration | Optional | Mandatory | Mandatory | Mandatory | No |
Number of Owners | 2 - 50 | 2 - 200 | 2 - Unlimited | Only 1 | Only 1 |
Separate Legal Entity | ✓/td> | ✓ | ✓ | ✓ | ✓ |
Liability Protection | Unlimited | Limited | Limited | Limited | Unlimited |
Statutory Audit | Not Mandatory | Mandatory | As Applicable | Mandatory | Not Mandatory |
Ownership Transfer | ✓ (Restricted) | ✓ | ✓ | ✓ (Restricted) | ✗ |
Perpetual Existence | ✗ | ✓ | ✓ | ✓ | ✗ |
Foreign Ownership | ✓ | ✓ | ✓ | ✗ | ✗ |
Taxation Liability | High | Moderate | High | Moderate | Low |
Compliance Requirement | Low | High | Moderate | High | Low |
Get Started | Know More | Know More | Know More | Know More |
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Your concerns matter: Explore our FAQs for guidance!
A partnership deed is a legal document that outlines the terms and conditions of the partnership, including profit-sharing ratios, roles, and responsibilities.
While not mandatory to register, it is highly advisable to have one to prevent disputes.
Yes, foreign nationals can be partners in an Indian partnership firm, but they must comply with the Foreign Exchange Management Act (FEMA) and other relevant regulations.
The registration process typically takes about 15 to 30 days, depending on the efficiency of the Registrar’s office and the completeness of submitted documents.
Yes, many states in India offer online registration of partnership firms. You can fill out the required forms and submit documents through the state government’s official portal
Not registering can lead to personal liability for partners, lack of legal recognition, and difficulties in enforcing rights or claims against the firm.
Yes, you can modify the partnership deed, but the changes must be documented and agreed upon by all partners. A revised deed should also be filed with the Registrar if necessary.