PAN Card & Aadhaar Card
Passport-size Photograph
Address Proof (Bank Statement/Electricity Bill)
Rent Agreement & NOC (if rented)
Latest Utility Bill (Electricity/Water Bill)
Terms & Conditions
Partner Requirement
Minimum two partners required. No upper limit under Indian Partnership Act.State-Specific Stamp Duty
Stamp duty on partnership deed varies by state and must be paid before notarization.Optional RoF Registration
Partnership can be registered with the Registrar of Firms for added legal standing. This is included in the Premium Plan only.Government Delays
Final approval timelines for PAN, GST, or RoF depend on respective authority processing times.Refund Policy
Refunds are not applicable once the deed is drafted and government filings are initiated.Legal Disclaimer
Kanoons provides documentation and facilitation services. RoF approval is subject to government discretion.
Partnership Registration
Form a trusted business with shared responsibility and mutual benefits—ideal for small and medium enterprises with multiple founders.
A Partnership Firm is a business structure where two or more individuals come together to carry on a business and share profits. It is governed by the Indian Partnership Act, 1932 and formed by a partnership agreement (deed) that defines roles, capital contributions, and profit-sharing ratios.
Although registration is not mandatory, a registered partnership firm enjoys better legal protection, especially when resolving disputes or enforcing rights in court.
At Kanoons, we assist in drafting your partnership deed, registering your firm with the Registrar of Firms (if opted), and obtaining necessary licenses like GST and MSME (Udyam) registration to make your firm legally recognized.
Why Choose Partnership Firm Registration? (Advantages & Disadvantages)
Advantages:
- Easy and cost-effective to start
- Shared responsibilities and capital
- Less compliance burden than companies
- Suitable for traditional businesses
- No minimum capital required
Disadvantages:
- Unlimited liability of partners
- No separate legal identity
- Not preferred by investors or lenders
- Cannot issue equity shares
- Limited recognition compared to LLP or Pvt Ltd
Who Should Register a Partnership Firm?
- Small businesses and retail stores
- Professionals like consultants, designers, and contractors
- Family-run businesses with multiple stakeholders
- Traditional firms seeking simple operations
- Entrepreneurs testing ideas before scaling to LLP or Pvt Ltd.
Documents Required for Partnership Firm Registration
Partner’s Documents:
- PAN Card & Aadhaar Card
- Passport, Voter ID
- Passport-size Photograph
- Address Proof (Bank Statement/Electricity Bill)
Business Address Proof:
- Rent Agreement & NOC (if rented)
- Latest Utility Bill (Electricity/Water Bill)
Partnership Firm Registration Process (Step-by-Step)
- Free consultation & partner verification
- Drafting a customized Partnership Deed
- PAN application for the firm
- Notarization of Deed and Stamp Duty payment
- Optional: Filing with Registrar of Firms (RoF)
- Apply for GST and MSME registrations (if needed)
Kanoons ensures a hassle-free, 100% online Partnership Firm registration process!
What’s Included in Our Partnership Firm Registration Package?
- Partnership Deed Drafting
- PAN for Partnership Firm
- Notarization & Stamp Duty Assistance
- GST Registration (if applicable)
- MSME (Udyam) Registration
- Filing with Registrar of Firms (optional)
Post-Incorporation Compliances for Partnership Firm
✔ Open a business current account
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Maintain financial records and partner capital accounts
✔
File ITR-V for the firm and individual returns for partners
✔
File GST returns if registered
✔
Update deed in case of changes in structure, partners, or address
Why Kanoons?
🌟 Expert-drafted, state-compliant Partnership Deed
🌟
End-to-end firm registration (RoF) support
🌟
PAN & GST registration assistance
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MSME (Udyam) Registration
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Ongoing compliance and legal advice
🌟
State-wise stamp duty advisory
Failure to meet Partership Firm obligations can result in severe consequences:
- Penalty for not filing returns or ITR: ₹1,000 to ₹10,000 + interest
- Ineligible to enforce rights in court if unregistered
- Late GST filings: ₹200/day + interest & penalties
- Risk of partner disputes without a well-drafted deed
- Non-renewal of local licenses can lead to fines
Valuable insights to change your startup idea
FAQ
Partnership Firm Frequently Asked Question
Is registration of a partnership firm mandatory?
No, it is optional. However, registered firms enjoy legal protection and can enforce rights in court.
How many partners can be in a firm?
A minimum of 2 partners is required. The maximum limit is 50 as per Companies Act, 2013.
Can a partnership firm have a PAN?
Yes, a separate PAN is issued for the firm and is required for taxation and bank account purposes.
What is the benefit of RoF registration?
RoF-registered firms can file legal suits against partners or third parties, access better business credibility, and claim legal enforceability.
How is income of a partnership firm taxed?
A partnership firm is taxed at a flat rate of 30% + surcharge + cess. Partners’ share is exempt from tax in their hands.
Can a partnership firm be converted into LLP or Pvt Ltd?
Yes, conversion is allowed under Indian law. Kanoons offers complete support for the conversion process.
Get Started Today!
Incorporate Your Partnership Firm Now & Get Legal Compliance Support!
Limited-Time Offer
Get Your Partnership Firm Registered at ₹2,999!
Take the first step towards building a legally recognized and protected business. With Kanoons, experience a hassle-free, fully online Partnership Firm backed by expert legal and compliance support.
"Simplifying Law & Taxation – Your Compliance, Our Commitment."
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Kanoons.com, owned and operated by Kanoons Law & Tax Consultants Private Limited, is your trusted partner for taxation, legal compliance, and business registration across India. Whether you are an individual, a startup, or a growing enterprise, we provide expert guidance to navigate complex financial and regulatory landscapes seamlessly. From income tax filing, GST registration, and business incorporation to responding to legal notices, handling corporate audits, and trademark protection, we ensure a hassle-free experience.
Our expert team assists in income tax and TDS filing, simplifying tax compliance for salaried individuals, businesses, and professionals. We provide startup registration, MSME certification, IEC code, FSSAI licenses, trade licenses, and corporate compliance solutions to ensure smooth business operations. Entrepreneurs and businesses can also rely on us for intellectual property rights (IPR), including trademark, copyright, and patent registrations, along with legal support for litigation, summons, and regulatory matters.
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For support, queries, or legal consultation, contact our expert team today and experience 100% compliance with accuracy and efficiency.
"I started my consulting firm as a partnership through Kanoons. The process was quick and smooth."
Amit G. Business Consultant