General Partnership

If You Want To Lower Costs, Ease Of Setting Up And Minimum Compliance. So The Partnership Option For You Is Right.

₹ 2,499 (Onwards)

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What is General Partnership Registration?

A Partnership is defined by the Indian Partnership Act, 1932, as ‘the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all’. This definition gives three minimum requirements to constitute a partnership firm, viz. (1) there must be an agreement entered into orally or in writing by the persons who desire to form a partnership (2) the object of the agreement must be to share the profits of business intended to be carried on by the partnership, and (3) the business must be carried on by all the partners or by any of them acting for all of them.

A General Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnerships firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.

What Is Included In Our Package?

Procedure For Partnership Registration

 Basic Details Form

Basic Details Form

Get Start Work
Verification of Documents

Verification of Documents

1 Working Day
Partnership Deed Drafting

Partnership Deed Drafting

2 Working Days
Apply for TAN & PAN

Apply for TAN & PAN

2 Working Days


Your Work Is Completed

Documents Required For Partnership Registration

Form no. 1 (application for registration under partnership act)
Self attested copy of Voter’s ID/Passport/Driver’s License/ Aadhaar Card of each partners
Self attested copy of Bank Statement of each partners
Self attested copy Mobile Bill/Electricity (Business Place in which registered office)
Softcopy of Landlord NOC (Format will be provided)
Passport-sized photograph of each partner

Minimum Requirements for Partnership Registration

Advantages of a Partnership Registration

Frequently Asked Questions

1.What are the requirements to be a Partner in a Partnership Firm?

Any individual/organisation can become the partner in LLP including foreigners/NRI’s .

2.How many partners can there be?

A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners. These partners can divide profits and losses equally or unequally.

3. What are the main aspects of a partnership deed?

– The deed should contain names of the partners and their addresses, the partnership name, the date of commencement of operation of the firm, any capital invested by each partner, the type of partnership and profit-sharing matrix, rules and regulations to be followed for intake of partners or removal.

4. How many partners are required to start a partnership firm?

– A Minimum of two partners is required to a start a partnership firm.   A maxim  of 10 partners (in case of banking business ), 20 partners (in case of other business ) are allowed in partnership firm.

5. What are the documents required to start a partnership registration?

– PAN Card for the Partners along with identity and address proof is required. It is recommended to draft a Partnership deed and have it signed by all the Partners in the firm.

6. How much money do I need to invest upfront to start the business?

– There is no limit on the minimum capital for Partnership Registration. Therefore, a Partnership can be started with any amount of minimum capital.

7.Can an existing partnership firm be converted into a company or LLP?

Yes, an existing partnership firm can converted into a company or LLP.

8. Do I need to be physically present during this process?

– The entire procedure is 100% online. As all documents are filed electronically, you would not need to be physically visited at all. You would need to send us scanned copies of all the required documents & forms.

9. What is PAN/TAN Number?

– PAN is a Permanent Account Number (10-digit alphanumeric number), which is issued by the Income Tax Department in India. A PAN Card is used as a document of identity proof. (TAN) is a Tax Deduction and Collection Account Number (10-digit alphanumeric number), issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.