Traditional partnership structure with shared ownership and responsibilities. Ideal for businesses run by two or more partners with mutual trust.
A Partnership Firm is a business entity where two or more individuals come together to carry on business and share profits. It's governed by the Indian Partnership Act, 1932. While registration is optional, a registered partnership provides legal recognition and the ability to enforce rights against third parties.
Draft comprehensive partnership deed with all terms
Sign and notarize the partnership deed
Register with Registrar of Firms (optional)
Apply for firm's PAN and TAN
Timeline: 5-7 Days
*Govt fees extra where applicable