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Features & Benefits of Partnership Deed Registration

  • Minimum members – Minimum Number of partners are two and the maximum limit is up to ten in case of banking business and twenty for all other categories of business.

  • Partnership agreement – A Partnership deed is signed between all the partners entering into the partnership business, which is a written contract having a contractual relationship between the partners.

  • Competent – All the partners should be competent to enter into the partnership agreement and not be a minor in age or intellectually.

  • Sharing – The profit and losses are to be shared per the ratio as agreed between the partners or equally if nothing is specified.

  • Unlimited Liability and business continuity – Unlimited liability of the partners and no distinct legal status separate from the partners, having no perpetual succession prevails in partnership firm.

Steps to Register a Private Limited Company

  • Obtain Digital Signature Certificates (DSC)

    • All proposed directors must have a valid DSC to sign the incorporation documents electronically.

  • Apply for Director Identification Number (DIN)

    • DIN can be applied along with the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form.

  • Name Reservation

    • The next step is to select a unique company name and apply for name reservation through the RUN (Reserve Unique Name) service. Our experts will help you verify the availability of your preferred company name.

  • Prepare Documents

    • The Memorandum of Association (MoA) and Articles of Association (AoA) must be drafted. MoA outlines the company’s objectives, while AoA defines the company’s internal rules.

  • Filing of Incorporation Form

    • Once the name is approved, the SPICe+ form, MoA, AoA, and other required documents are filed with the Registrar of Companies (ROC).

  • Certificate of Incorporation

    • Upon approval, the ROC issues a Certificate of Incorporation, along with the Company Identification Number (CIN), officially recognizing the existence of your company.

Registration Form

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Partnership Deed Registration

This is the most preferred form of business structure after LLP having limited liability of its Members. Private Limited Company can be incorporated with only two persons who can be Directors as well as Shareholders of the Company.  

  • Separate legal entity

  • Perpetual succession

  • Limited liability of members

  • Easy transferability of ownership

  • Easy Financial Assistance

Consult with an Expert

Overview of Partnership Deed Registration

A Partnership Firm is a business entity where two or more individuals collaborate to run and manage a business, sharing profits and responsibilities. Forming a partnership requires a well-drafted Partnership Deed that outlines the roles, rights, and obligations of each partner. At Right Advisorz, we help businesses register their partnership firm with a legally compliant partnership deed, ensuring a smooth and secure foundation for your business.

Documents Required for Partnership Deed Registration

To register a partnership firm, the following documents are required:

  1. Partnership Deed

    • A legally drafted partnership deed is the most important document. It should include:

      • Name of the firm

      • Name and address of all partners

      • Nature of business

      • Date of commencement of business

      • Profit-sharing ratio

      • Duties and responsibilities of each partner

  2. PAN Card of Partners

    • Each partner must submit their PAN card as proof of identity.

  3. Address Proof of Partners

    • Any of the following: Voter ID, Passport, Driving License, or Aadhaar Card.

  4. Business Address Proof

    • Rent Agreement (if the business premises is rented)

    • Utility bill for the business address (not older than 2 months)

    • NOC from the property owner if applicable.

  5. Passport-Sized Photographs of Partners

  6. GST Registration (if applicable)

    • GST registration is required if the business's turnover exceeds the threshold limit.

  7. Partnership Registration Application

    • Form I (Application for Registration of Partnership Firm) needs to be filled and submitted to the Registrar of Firms along with the necessary documents.

Why Choose a Partnership Deed Registration?

  • Ease of Formation
    Partnership firms are relatively easy to form with less paperwork and minimal regulatory compliance. The agreement between partners can be customized according to business needs.

  • Shared Responsibilities
    Partners can share the business's responsibilities, workload, and decision-making, reducing the burden on a single individual. Each partner’s expertise can contribute to business success.

  • Better Access to Capital
    A partnership allows for pooled financial resources from all partners, making it easier to raise capital for business operations.

  • Flexibility in Management
    The partnership model offers flexibility in business management, allowing partners to decide on their roles, profit-sharing ratio, and the course of action for the business.

  • Tax Benefits
    Partnership firms can take advantage of specific tax benefits available under the Income Tax Act. The income is taxed in the hands of the partners, potentially lowering the overall tax burden.

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