A simple, low-cost structure for small businesses with trusted partners. We draft your Partnership Deed, handle state-level registration, and get your firm legally recognised — completely online.
A Partnership Firm is a business structure where two or more individuals (partners) agree to share profits and losses of a business. It is governed by the Indian Partnership Act, 1932 and is one of the simplest and most affordable business structures in India.
While partners have unlimited personal liability, the structure is easy to set up, has minimal compliance requirements, and is ideal for small businesses, traders, and professionals who want to operate together without the complexity of a company.
While registration is not mandatory, a registered partnership firm has several advantages:
We draft a comprehensive Partnership Deed covering firm name, business nature, capital contribution, profit-sharing ratio, partner roles, and dispute resolution.
The deed is printed on stamp paper of appropriate value (varies by state) and signed by all partners in the presence of a notary.
We file Form 1 with the Registrar of Firms in your state along with the signed deed and required documents.
The Registrar issues a Certificate of Registration. Your partnership firm is now legally registered and can operate under its firm name.
If you want limited liability protection along with partnership flexibility, an LLP is a better choice. A traditional partnership is suitable when partners fully trust each other, the business is small-scale, and compliance costs need to be minimal.