Partnership firm net worth certificate, explained
A partnership firm is not a separate legal person in the way a company is, although it files its own income-tax return. When the loan or tender is in the firm's name, the certificate is for the firm, prepared from the partnership balance sheet and partners' capital accounts. When a partner needs to show personal standing, for a guarantee, a personal loan or a visa, the certificate is for that partner. Both are signed by a CA and carry a UDIN.
| Term | What it means |
|---|---|
| Partner certificate | A partner's capital and current account balances in the firm, added to their personal assets, less personal liabilities. |
| Capital account | Each partner's balance in the firm: capital introduced plus share of profits, interest and remuneration credited, less drawings. It is the firm's net worth when totalled, and the partner's asset when shown alone. |
| Firm certificate | The partnership's total assets less its outside liabilities, which equals the total of the partners' capital and current accounts. |
Firm and partners: how net worth is calculated
The firm and its partners are certified separately, and the same money must not appear in both places.
Firm certificate. The firm's net worth is its total assets less its outside liabilities, which is the same as the total of the partners' capital and current accounts on the balance sheet. Loans that partners have given the firm are usually shown as liabilities of the firm, not as capital, unless the deed or the lender treats them otherwise; we state which treatment we have used.
Partner certificate. The partner's asset is their balance in the firm, from the capital and current accounts, plus any loan they have given the firm. We do not add a share of the firm's machinery, stock or property on top, because the capital account already represents it. Personal assets and personal loans are then added and deducted as on any individual certificate.
Illustrative figures only:
| Firm balance sheet as on 31 March 2026 | Amount (₹) |
|---|---|
| Total assets | 1,20,00,000 |
| Less: bank loans and creditors | 70,00,000 |
| Firm net worth (equal to partners' capital) | 50,00,000 |
| Of which Partner A capital and current account | 30,00,000 |
| Of which Partner B capital and current account | 20,00,000 |
| Partner A certificate | Amount (₹) |
|---|---|
| Capital and current account in the firm | 30,00,000 |
| Personal bank balances and investments | 12,00,000 |
| Residential flat (registered valuer's report) | 60,00,000 |
| Less: home loan outstanding | 25,00,000 |
| Partner A net worth | 77,00,000 |
A debit balance in a partner's current account, meaning drawings above their credits, reduces their balance in the firm and is shown as such. If a partner has guaranteed the firm's bank loan, the bank may ask for the guarantee to be disclosed; we add it as a note where asked, without deducting it unless the institution requires that. Remember that partners of an unregistered or registered firm are jointly and severally liable for the firm's debts, which is why lenders often want partner certificates alongside the firm one.
A limited liability partnership is a separate legal entity, so an LLP certificate is built from the LLP's own balance sheet, and partners' personal net worth needs separate certificates. See LLP registration if you are weighing the two structures.
How we prepare your certificate
- Confirm the requirement. The bank letter or tender clause tells us whether a firm certificate, partner certificates, or both are needed, and on what date.
- Compute. We total the partners' capital accounts for a firm certificate, or add one partner's account balance to their personal items for a partner certificate. You approve each draft before signing.
- Sign and issue. Signed by a practising CA, with a UDIN on each certificate.
Upload your documents securely. A CA checks every figure against its document before drafting.
Documents we ask for: the partnership deed and any supplementary deeds, the firm's PAN, the latest balance sheet with partners' capital accounts, the firm's income-tax return and loan statements. For partner certificates, each partner's PAN, income-tax return, bank and investment statements, property papers and loan statements.
Partnership certificate fee
Our professional fee is from ₹1,499 per certificate. There is no government fee.
| Fee | Amount |
|---|---|
| Regikart professional fee, firm certificate with UDIN | From ₹1,499 |
| Regikart professional fee, each partner certificate with UDIN | From ₹1,499 per partner |
| Government fee | No government fee |
Professional fees exclude GST at 18%. Government fees, where they apply, are paid at actuals to the department and are shown separately. Fees verified on 22 September 2026.
For UDIN, validity and rejection reasons, see our net worth certificate guide. Other certificates a CA signs with a UDIN, such as a turnover certificate, are listed on our CA certificates page.