Partnership Firm Registration

Running your Business as Joint Owners ? Register as a Partnership Firm with ClearTax


  • PAN Application
  • Partnership Deed Drafting & Filing
  • Issue of Registration Certificate

7499/-

Additional taxes applicable

* GST 18% from July 1, 2017

* Excludes stamp duty

* Excludes government fees and any out of pocket expenses

Have queries?
Talk to an expert

Have queries?
Talk to an expert

Package details

What is in this package?

A partnership firm is a business entity where two or more people come together to carry out a business. Partners mutually decide the terms of operations and put it in form of a partnership deed. This deed becomes main document that forms the base for regulating the relationship between partners and how the affairs of business are to be conducted. The plan can also be used by existing partnerships that wish to get their business registered.

Who should take this package?

  • A group of at least 2 people having a business idea
  • Small businesses looking to using pool of resources contributed by multiple people
  • Any existing unregistered Partnership Firm

What services are covered in this plan?

  • PAN Application
  • Drafting of Partnership Deed
  • Filing of deed and other documents with the Registrar of Firms
  • Affidavit filing with the registrar
  • Issue of Registration Certificate

Documents to be submitted


See how it's done

    • Purchase of Plan
    • Session with Cleartax Expert
    • Upload Documents on Vault
    • Partnership Deed Drafting
    • Filing of application with Registrar
    • Receipt of Registration Certificate

10 days

estimate


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Frequently Asked Questions

  • What is a Partnership Firm?

    A Partnership is where two (or more) people join hands to carry out a business for profit. The partners become joint business owners and carry out operations governed by the partnership deed. The regulations are least and it makes it a desirable option for businesses having joint owners. However, in a partnership firm the partners are jointly and individually liable for debts of the firm. This form of structure is ideal if there are no/less requirement of external funds and low risk of bad-debts for example consultancy firms.

  • Why should Partnership Firm go for registration?

    Partnership firms are governed by the Indian Partnership Act, 1932. Under the act, registration is not mandatory but it is advisable due to following reasons:

    • Partner(s) can’t file a case in any court against the firm/ other partners unless firm is registered.
    • The unregistered firm or its partners can’t file a case against third party on breach of a contract but the third party can file a case
    • In case of a dispute with a third party, the unregistered firm or any of its partners cannot claim a set off
  • When should we apply for registration of our partnership firm ?

    A partnership firm can be registered whether at the time of its formation or even subsequently. The application for registration is to be made to the registrar of firms of the region in which the business is situated. It is advisable to get the firm registered as soon as it starts its business to avail the rights that can be enjoyed only by a registered firm.

  • Is there any guideline on choosing name for the firm?

    The name of a partnership firm should not contain any words which indicate the approval/support of the government other than a case where the government has given its written consent for the use of such words as part of the firm’s name. Key pointers:

    • The names must not be too identical or similar to the name of another existing firm doing similar business.
    • The name must not contain words like Crown, Emperor, Empress, Empire or any other word indicating government approval.
  • What will be the government fee for firm registration?

    The government fees applicable varies from state to state based on partner contribution. In most states the fee falls in range of Rs.1000-1500 along with stamp duty. Our experts will guide you on this. You will be charged only on actual government fees.

  • Package details

    What is in this package?

    A partnership firm is a business entity where two or more people come together to carry out a business. Partners mutually decide the terms of operations and put it in form of a partnership deed. This deed becomes main document that forms the base for regulating the relationship between partners and how the affairs of business are to be conducted. The plan can also be used by existing partnerships that wish to get their business registered.

    Who should take this package?

    • A group of at least 2 people having a business idea
    • Small businesses looking to using pool of resources contributed by multiple people
    • Any existing unregistered Partnership Firm

    What services are covered in this plan?

    • PAN Application
    • Drafting of Partnership Deed
    • Filing of deed and other documents with the Registrar of Firms
    • Affidavit filing with the registrar
    • Issue of Registration Certificate
  • Documents to be submitted
  • See how it's done
      • Purchase of Plan
      • Session with Cleartax Expert
      • Upload Documents on Vault
      • Partnership Deed Drafting
      • Filing of application with Registrar
      • Receipt of Registration Certificate
  • Reviews

    Reviews

    Average Rating

    Hi. Thank you for stopping by.

    How do you rate our service?

  • Frequently Asked Questions
    • What is a Partnership Firm?

      A Partnership is where two (or more) people join hands to carry out a business for profit. The partners become joint business owners and carry out operations governed by the partnership deed. The regulations are least and it makes it a desirable option for businesses having joint owners. However, in a partnership firm the partners are jointly and individually liable for debts of the firm. This form of structure is ideal if there are no/less requirement of external funds and low risk of bad-debts for example consultancy firms.

    • Why should Partnership Firm go for registration?

      Partnership firms are governed by the Indian Partnership Act, 1932. Under the act, registration is not mandatory but it is advisable due to following reasons:

      • Partner(s) can’t file a case in any court against the firm/ other partners unless firm is registered.
      • The unregistered firm or its partners can’t file a case against third party on breach of a contract but the third party can file a case
      • In case of a dispute with a third party, the unregistered firm or any of its partners cannot claim a set off
    • When should we apply for registration of our partnership firm ?

      A partnership firm can be registered whether at the time of its formation or even subsequently. The application for registration is to be made to the registrar of firms of the region in which the business is situated. It is advisable to get the firm registered as soon as it starts its business to avail the rights that can be enjoyed only by a registered firm.

    • Is there any guideline on choosing name for the firm?

      The name of a partnership firm should not contain any words which indicate the approval/support of the government other than a case where the government has given its written consent for the use of such words as part of the firm’s name. Key pointers:

      • The names must not be too identical or similar to the name of another existing firm doing similar business.
      • The name must not contain words like Crown, Emperor, Empress, Empire or any other word indicating government approval.
    • What will be the government fee for firm registration?

      The government fees applicable varies from state to state based on partner contribution. In most states the fee falls in range of Rs.1000-1500 along with stamp duty. Our experts will guide you on this. You will be charged only on actual government fees.