Start your business with a legally valid partnership firm in India. A partnership firm is a popular and cost-effective structure for small and medium businesses where two or more individuals come together to share responsibilities and profits. At Nevo Legal, we assist you with partnership deed drafting, notarization, and registration, making the process fully online, simple, and hassle-free.
Our Process
Chose your required Service and Pay on our website
Send required documents to us when asked
Stay updated until the work is finished
Receive the Deliverables Soft copy and Hard Copies
Documents Required for Partnership Firm Registration
- PAN Card and Aadhaar Card of all partners
- Passport-size photos of all partners
- Utility bill or rent agreement of the firm’s business address
- Ownership proof/NOC from the property owner (if applicable)
- Signed copy of the Partnership Deed
Deliverables
✔ Drafted & Notarized Partnership Deed
✔ Registration Certificate (for registered partnerships)
✔ PAN & TAN Application Support (if opted)
✔ Partnership Firm Master Data
✔ Legal Support & Guidance Throughout the Process
How It Works
1
Fill the Online Form
Provide details of your firm, partners, and business objectives through our simple form.
2
Get Legal Support
Our experts review your details and prepare the draft of your Partnership Deed.
3
Sign & Notarize the Deed
Partners sign the deed, and we get it notarized to meet legal requirements.
4
Apply for Registration (Optional)
If you choose to register the firm, we file your application with the Registrar of Firms.
5
Receive Registration Certificate
You receive soft copies of all documents, and hard copies can be sent by post (if required).
What is a Partnership Firm?
A Partnership Firm is a form of business where two or more individuals agree to share the profits and responsibilities of a business. Governed by the Indian Partnership Act, 1932, it is a simple, affordable, and commonly used business structure, especially for small and medium enterprises (SMEs).
A partnership can be registered or unregistered, but registering it provides added legal recognition, the ability to enforce rights in court, and credibility in the market.
Why Should You Register a Partnership Firm?
✅ Easy to Start: Requires minimal documentation and can be registered within a few days.
✅ Shared Responsibilities: Partners can divide duties and business risks.
✅ Cost-Effective Structure: Ideal for small businesses or family-run enterprises.
✅ Legal Recognition: A registered firm can sue or be sued in its own name.
✅ Banking & Contracts: Many banks and vendors require proof of registration to open business accounts or enter formal contracts.
✅ Tax Benefits: Eligible for partnership firm taxation under the Income Tax Act.
The Process of Partnership Firm Registration
Step 1: Collect Partner & Firm Details
Gather basic details such as firm name, partner names, capital contribution, and place of business.
Step 2: Drafting the Partnership Deed
We prepare a legally compliant Partnership Deed outlining roles, responsibilities, profit-sharing, and other key terms.
Step 3: Notarization of Deed
The deed is notarized to ensure legal validity and enforceability.
Step 4: Filing with Registrar of Firms
For registered partnerships, we file the application with the Registrar of Firms in your jurisdiction along with required documents.
Step 5: Certificate of Registration
Once approved, you receive the Certificate of Registration, and your firm is officially recognized.
Frequently Asked Questions (FAQ)
Q1. Is registration of a partnership firm mandatory in India?
No, it is optional. However, a registered firm enjoys better legal protection and can file cases in court in its own name.
Q2. How many partners are required to start a partnership firm?
A minimum of 2 partners is required. The maximum allowed is 20.
Q3. Can a partnership firm have a corporate entity as a partner?
Yes, a company can be a partner in a firm.
Q4. What is a Partnership Deed?
It is a legal agreement that defines the roles, responsibilities, and profit-sharing between the partners.
Q5. Can I register a partnership firm online?
Yes. With Nevo Legal, the entire process is online — from deed drafting to registration.
Q6. What are the tax implications for a partnership firm?
A registered partnership firm is taxed as a separate legal entity under the Income Tax Act.
Q7. How long does it take to register a partnership firm?
Typically, it takes 5 to 10 working days, depending on your state’s Registrar of Firms.
Q8. Can the partnership deed be changed later?
Yes, you can amend the deed through a supplementary deed and notify the registrar.