Easy and inexpensive to form
No MCA filings. Just a partnership deed on stamp paper, RoF registration and PAN - usually completed in 10 to 14 working days at a fraction of Pvt Ltd / LLP cost.
Partnership Firm · Indian Partnership Act, 1932
Partnership Firm registration for India's family businesses & service firms, by CAs & CSs.
Register your Partnership Firm under the Indian Partnership Act, 1932 - the lightest multi-owner structure for family businesses, professional practices, wholesale trade and small service firms. Regikart's CA and CS team drafts the partnership deed, handles stamp duty, files with the Registrar of Firms (RoF) and arranges PAN, TAN, GST and current-account opening - all in 10 to 14 working days.
Qualified CA partners10-14 working daysBest for: Family businesses, wholesale trade, professional practices & service firms
Starting at
₹1,999
Partnership
Indian Partnership Act, 1932 · CA & CS reviewed
Partnership Deed drafted by CA & CS team
Registrar of Firms (RoF) registration
PAN + TAN application included
Bank account opening coordination
Members
2 partners (max 50)
Liability
Unlimited, joint & several
At a glance
10-14
Working days to registration
2 - 50
Min - max partners allowed
₹0
Min. capital required
1,500+
Partnerships registered by Regikart
Why Partnership
Why founders pick a Partnership Firm.
The simplest multi-owner structure in India - governed by a flexible deed, lightly regulated, and inexpensive to start. Best suited for family-run businesses, wholesale trade, professional partnerships (lawyers, CAs, architects) and low-risk service firms where partners trust each other and want fast set-up over corporate formality.
Flexible profit & loss sharing
Partners are free to agree any profit-sharing ratio, capital contribution and management responsibility in the deed - no statutory rigidity like in companies.
Minimal regulatory compliance
No annual ROC filings, no statutory audit (unless tax-audit thresholds are crossed), no board meetings. Compliance is largely limited to income-tax and GST filings.
Direct tax pass-through on profit share
Share of profit received by partners is fully exempt under Section 10(2A) of the Income-tax Act - taxed only once in the hands of the firm at 30% + surcharge + cess.
Section 40(b) partner remuneration & interest
Working partners can draw remuneration and interest on capital (up to 12% p.a.) - deductible in the firm's books subject to Section 40(b) limits, optimising overall tax outflow.
Quick decisions, shared expertise
Two or more partners pool capital, skills and contacts. Decisions can be taken without board resolutions - ideal for owner-operated trade and professional firms.
Suited for traditional & family businesses
Strong cultural fit for traditional Indian businesses - trading, manufacturing, retail, agency, brokerage, professional services - where the family or partners are the operators.
Easy conversion to LLP or Pvt Ltd later
Once the business scales or external investors are involved, the firm can be converted into an LLP under Section 55 of the LLP Act, 2008 or into a Pvt Ltd company under Section 366 of the Companies Act, 2013.
Comparison
Partnership vs Alternatives.
| Parameter | Partnership Firm | LLP | Private Limited |
|---|---|---|---|
| Governing Law | Indian Partnership Act, 1932 | LLP Act, 2008 | Companies Act, 2013 |
| Regulator | Registrar of Firms (State) | MCA (Central) | MCA (Central) |
| Min. members | 2 partners | 2 partners | 2 shareholders + 2 directors |
| Max. members | 50 partners | Unlimited | 200 shareholders |
| Liability | Unlimited, joint & several | Limited to contribution | Limited to unpaid shares |
| Min. capital | No minimum | No minimum | No minimum |
| Registration | Voluntary (but recommended) | Mandatory | Mandatory |
| Annual ROC filings | No | Yes (Form 8, Form 11) | Yes (AOC-4, MGT-7) |
| Statutory audit | Only above tax-audit limits | Above ₹40 L turnover / ₹25 L capital | Mandatory every year |
| Tax rate | 30% flat + surcharge + cess | 30% flat + surcharge + cess | 22% / 25% / 30% slab |
| Foreign investment (FDI) | Not permitted | Permitted in many sectors | Permitted (most sectors) |
| Right to sue (if unregistered) | Barred by Section 69 | Always available | Always available |
Documents required
What we'll need from you.
We pre-check every scan before filing - cuts MCA rejections by ~90%. Upload via our secure portal in any order.
From each partner
- PAN card (mandatory for all Indian partners)
- Aadhaar card or passport (identity proof)
- Recent passport-size photograph
- Address proof - bank statement, utility bill or telephone bill (≤ 2 months)
- Email ID & mobile number (for OTP)
- For foreign nationals: Passport (notarised & apostilled) + foreign address proof
For the firm's principal place of business
- Rent agreement / Lease deed (if rented premises)
- No-Objection Certificate (NOC) from the property owner
- Latest utility bill - electricity, water or property-tax receipt (≤ 2 months)
Partnership deed & filing documents
- Draft Partnership Deed (executed on appropriate-value stamp paper)
- Form 1 - Application for registration of firm (Registrar of Firms)
- Affidavit declaring intent to form a partnership & truth of the deed
- Specimen signatures of all partners (attested)
- Capital contribution & profit-sharing ratio details
- Authority letter / power of attorney (if filed through a representative)
The process
From kickoff to Certificate of Incorporation - eight deliberate steps.
Every step is owned by a partner CA. You get a single point of contact from name reservation to the post-incorporation compliance kit.
01
Choose firm name & partners
Finalise a firm name that is not identical or deceptively similar to an existing firm, and not prohibited under the Emblems and Names (Prevention of Improper Use) Act, 1950. Identify at least 2 partners (max 50) under Companies (Miscellaneous) Rules, 2014.
02
Draft the Partnership Deed
Regikart's CA & CS team drafts a comprehensive deed - capital contribution, profit-sharing ratio, partner roles, remuneration, interest on capital, admission/retirement, dispute resolution, dissolution clauses - aligned with the Indian Partnership Act, 1932.
03
Stamp duty & execution
Print the deed on non-judicial stamp paper of the appropriate value (varies state to state - ₹200 in Delhi to ₹2,500+ in UP, or 1% of capital in some states). All partners sign each page in the presence of two witnesses; the deed is then notarised.
04
Apply for PAN & TAN
Apply for the firm's PAN (Form 49A) using the deed as proof of existence. TAN application (Form 49B) is filed for TDS compliance. Issued by NSDL/UTIITSL within 7-10 working days.
05
Registration with Registrar of Firms (RoF)
Although voluntary under the 1932 Act, registration is strongly recommended - Section 69 bars an unregistered firm from suing third parties or partners. File Form 1, signed and verified affidavit, certified copy of the deed and prescribed fee with the State RoF.
06
GST registration (if applicable)
Mandatory if turnover exceeds ₹40 L (goods) / ₹20 L (services), or for inter-state supply, e-commerce or voluntary registration. Regikart files Form REG-01 on the GSTN portal using the firm's PAN, deed and place-of-business proof.
07
Open current bank account
Open the firm's current account using the partnership deed, PAN, registration certificate (if registered) and KYC of partners. Regikart coordinates with empanelled banks (ICICI, HDFC, Axis, Kotak) for quick onboarding.
08
Other registrations (as needed)
Apply for Shops & Establishment licence, Professional Tax, MSME / Udyam, Import-Export Code (IEC), FSSAI or trade licences depending on the nature of business. Regikart handles the entire post-registration stack.
Pricing
Simple, transparent pricing.
Fixed professional fees with government charges billed at actuals. No hidden costs, no surprise invoices.
One-time setup
Partnership Firm
Partnership · Family businesses, wholesale trade, professional practices & service firms
Starting at
₹1,999+ govt. fees + DSC
End-to-end Partnership incorporation in 10-14 working days. Govt. fees (MCA, stamp duty) charged at actuals - no markup.
What's included
- Partnership Deed drafted by CA & CS team
- Registrar of Firms (RoF) registration
- PAN + TAN application included
- Bank account opening coordination
Add-ons available: GST registration, MSME, IEC, trademark, share-subscription drafting and ROC compliance bundles.
All prices exclusive of GST. Government fees (MCA, stamp duty) charged at actuals. Need a custom bundle? Talk to sales.
Government & MCA fees (paid to authorities)
Reference- Stamp duty on Partnership Deed (state-wise)₹200 - ₹5,000+
- Notarisation charges₹500 - ₹1,500
- PAN application fee₹110
- TAN application fee₹65
- Registrar of Firms (RoF) fee₹500 - ₹2,000 (state-wise)
- GST registration (govt. fee)Nil
- Udyam / MSME registrationNil
- Regikart professional feeStarting ₹5,499
- Total indicative cost (2 partners, deed + RoF + PAN)₹7,000 - ₹14,000
* Stamp duty and government filing fees vary by state and authorised capital. Quoted transparently in your engagement letter before we file.
Compliance calendar
What you'll owe after incorporation.
We track every due date for you and file on time. The same partner who incorporates your entity handles year-round compliance.
Penalty for delays
₹100 / day
Per missed form, with no upper cap. Continuous default also attracts director-level liability. Don't risk it.
| When | What | Form |
|---|---|---|
| Within 30 days of registration | Apply for GST (if turnover > threshold or inter-state supply) | REG-01 |
| Within 60 days of registration | Open current bank account & deposit capital | Bank |
| Monthly (by 11th / 20th) | GST returns (GSTR-1 + GSTR-3B) | GSTR-1 / 3B |
| Monthly (by 7th) | TDS deposit (if liable) | Challan 281 |
| Quarterly | TDS return filing | Form 26Q / 24Q |
| 15 Jun / 15 Sep / 15 Dec / 15 Mar | Advance tax instalments | Challan 280 |
| By 31 July (or 31 Oct if tax-audit) | Income-tax return for the firm | ITR-5 |
| If turnover > ₹1 Cr / receipts > ₹50 L | Tax audit under Section 44AB | Form 3CD |
| Annually | GST annual return (if turnover > ₹2 Cr) | GSTR-9 |
| On any change | Update RoF on change of partners / address / firm name | Form V / VI |
Partnership FAQ
Questions, answered by partners.
Still unsure if Partnership Firm is right for you? Book a free 20-minute consult - a senior CA will walk you through your specific case.
Still have questions?
Book a free 20-minute consult with a senior partner - we'll walk through your case and outline next steps.
Talk to a partner →No. Registration is voluntary under the Indian Partnership Act, 1932. However, an unregistered firm cannot file a suit against third parties or partners to enforce a contractual right under Section 69. For practical reasons - bank accounts, GST, lender comfort, court remedies - registration is strongly recommended.
Ready when you are
Let's incorporate your Partnership this week.
A senior CA will get on a call with you, confirm documents, and start your filing - usually within 24 hours.