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Register your Partnership Firm

A Partnership Firm in India is a business entity where two or more individuals come together to conduct business and share profits and losses in an agreed-upon ratio. It operates under the Indian Partnership Act, 1932.

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Goods and Bads

A Partnership Firm is suitable for small to medium-sized businesses where multiple individuals want to share responsibilities, profits, and liabilities. It is ideal for businesses where personal relationships and trust among partners are paramount.

Partnership Firm comes with its own pros and cons which is very important for decision making purposes


  • Ease of formation and dissolution
  • Minimal regulatory compliance
  • Shared responsibility and decision-making
  • Flexibility in operations
  • Greater access to capital compared to a sole proprietorship


  • Unlimited liability for partners
  • Potential for disputes among partners
  • Limited access to capital compared to companies
  • Lack of continuity due to partner changes


Step by Step Process

Choose a Partnership Name

Select a unique name for your Partnership Firm that is not identical to any existing registered firm.

Draft Partnership Deed

Prepare a Partnership Deed outlining the terms and conditions, profit-sharing ratio, duties, and responsibilities of the partners.

Notarize the Partnership Deed

Get the Partnership Deed notarized to make it legally enforceable.

Apply for PAN

Apply for a Permanent Account Number (PAN) for the Partnership Firm from the Income Tax Department.

Register the Partnership Firm

Register the Partnership Firm with the Registrar of Firms in the respective state, if applicable.

Open a Bank Account

Open a bank account in the name of the Partnership Firm for business transactions.

Tax and Compliances

Following are the Compliances that will be required

Income Tax

Partnership Firms are taxed as separate entities under the Income Tax Act. Profits are taxed at a flat rate of 30% plus applicable surcharge and cess.

GST Registration

If the firm's turnover exceeds the GST registration threshold, it must register for GST and comply with GST filing requirements.

Annual Compliance

Partnership Firms must file income tax returns annually. Additionally, if the firm's turnover exceeds certain limits, it must get its accounts audited.

Documents Required

Following are the documents that will be required

Partnership Deed

A duly drafted and notarized Partnership Deed signed by all partners.

PAN Card

PAN cards of all partners.

Address Proof

Utility bills or rental agreement as proof of the firm's registered address.

Identity Proof

Copies of Aadhaar card, voter ID, or passport of all partners.


Passport-sized photographs of all partners.


The service package includes a comprehensive list of deliverables which includes the following.

Registered Partnership Deed

PAN Card for Partnership Firm

Partnership Firm Registration Certificate (if applicable)

GST Registration Certificate (if applicable)

Bank Account Setup Assistance

Frequently Asked Questions

Answered all frequently asked questions, Still confused? feel free to contact us.

Is physical presence required during the process?

No, physical presence is not required. Scanned copies of all the required documents & forms will hold good to complete the procedure online. Also, we at Taxkriya, always encourage faceless and paperless process in all our services. We also provide video/ audio call support at your convenience.

Should we mandatorily register for partnership?

No, it is not mandatory. However, registering it with registrar of firms is recommended to keep the entity valid and enforceable.

How can we register for partnership?

It is now very easy to register a partnership firm online through official website of respective state authorities.

How easy is it to convert a partnership/LLP/OPC/Private limited company?

It involves additional efforts and time to convert sole-proprietorship to other legal entity. However, taxkriya team will support and guide you in easy conversion to another legal entity.

Hear from the Entrepreneurs

Here is a jist of what some of our customers had to say about our services. We tend to work relentlessly to create smoother experiences for the clients.

  • Jalal JC3 Property Store Private Limited

    Wonderfull service in minimum charges. I recommended to who want register your company and need of all official services. Taxkriya is the best choice.

  • Krishna ChaitanyaCognikey Technology Solutions Private Limited

    Taxkriya is a wonderful experience for me they helped me to do smooth process in forming company for me and very friendly persons who takes our inputs and also suggest which is best for us.

  • Ganta Sai AkhilSketchz engineering LLC

    I genuinely recommend Taxkriya and found this as one of the smoothest process in forming an LLC. The support from the team was absolutely good and support from Mr. Gowtham was purely exceptional.