A partnership firm allows two or more individuals to run a business together, share profits and responsibilities, and define their working relationship through a partnership deed.
Establish a business with a partnership deed and the applicable registrations.
Partners can divide business duties, decision-making and responsibilities according to their agreement.
Partners can contribute capital and share profits according to the agreed partnership terms.
A partnership deed documents profit sharing, partner duties and other agreed business terms.
Get assistance with the documentation and registration requirements applicable to your partnership business.
Assistance preparing the deed with partner details, capital contributions and profit-sharing terms.
Guidance on the applicable Registrar of Firms process and supporting documentation.
A checklist of partner identity, address and business address documents.
Assistance understanding the registration steps and applicable requirements.
Review the basic requirements before setting up your partnership firm.
A traditional partnership firm requires at least two partners to carry on the business.
Partners should agree on their roles, capital contributions and profit-sharing arrangements.
A written deed is recommended to document the terms and responsibilities agreed by the partners.
Provide the firm's business address and supporting proof as applicable.
The process and documents may vary depending on the state and the registrations required for your business.
Confirm partner details, business activities, capital contributions and profit-sharing terms.
Prepare the deed with the agreed terms, partner responsibilities and business details.
Complete the applicable stamping and signing formalities under the relevant state rules.
Where registration is sought, prepare and submit the required application and supporting documents to the relevant authority.
Review additional requirements such as PAN, tax registrations or licences based on the firm's activities.
The final checklist depends on the partners, business address, state requirements and applicable registrations.
PAN details for each partner, as applicable.
Accepted identity proof for each partner.
Current address proof for the partners.
Proof of the firm's principal business address.
As applicable to the premises.
Where required for use of the premises.
Deed containing the agreed partnership terms.
Proposed firm name and business activity details.
Where applicable, the prescribed application and supporting declarations.
Answers to common questions about partnership firm formation.
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