Why Register
A partnership firm is the fastest formal business structure to set up in India. With a correctly drafted deed and proper filing, your firm can be registered in 7 to 10 working days.
Unlike a Pvt Ltd or LLP, a partnership deed can be tailored completely to how you and your partners actually want to run the business. Profit ratios, roles, and decision-making are entirely customisable.
There is no minimum capital requirement for registering a partnership firm. You can start with whatever capital amount makes sense for your business.
Work and decision-making are distributed across partners, reducing individual burden. Each partner can bring different skills and domain expertise to the table.
Partnership firms pay tax at a flat 30% rate on their net profits, and partners individually are not taxed again on their share of profits received from the firm.
Many businesses start as a partnership and convert to an LLP or Private Limited Company as they grow. BharathInCorp handles the full conversion process when you are ready.
A partnership firm gives partners unlimited personal liability. If you are starting a business where debt, contracts, or legal risk are involved, an LLP provides the same flexibility with the crucial addition of limited liability protection. Compare LLP registration →
The Process
We collect details about all partners, their capital contributions, profit-sharing ratio, business type, and any special clauses you need in the deed.
Our qualified CA and CS team drafts a comprehensive partnership deed covering partner rights, responsibilities, capital accounts, dispute resolution, and exit provisions.
The deed is printed on appropriately valued non-judicial stamp paper (varies by state) and notarised with signatures from all partners.
We file Form A along with all required documents with the Registrar of Firms through the state portal or physical submission, depending on your state.
We apply for PAN in the firm's name, required for bank account opening and tax filings.
The Registrar of Firms verifies and issues your Registration Certificate. Your partnership firm is now a legally recognised entity.
FAQ