Register Your Partnership Firm — Simple, Affordable & Ideal for Small Businesses
A Partnership Firm is the easiest way for two or more people to start a business together. It is fast, low-cost, and perfect for small businesses, shop owners, retailers, wholesalers, and family-run ventures. With Online Filing India's support, registration becomes simple, quick & documentation-friendly.
Why Choose a Partnership Firm?
This structure is best for you if:
Small local businesses
Family-run businesses
Shop owners and traders
Retail/wholesale businesses
Early-stage ventures
Multi-partner operations
This structure may NOT suit you if:
You want limited liability (choose LLP)
You want high credibility (choose Pvt Ltd)
You want to raise investment
Basic Requirements
What you need to get Started with your Partnership Firm
Minimum 2 partners
No maximum limit
Partnership Deed
PAN of firm
Bank account in firm's name
Registered office address
No DSC or DIN required for a basic partnership firm.
Key Benefits
Why it is the right choice for growing businesses
Low cost of starting
Cheapest business structure
Fast setup
Can be formed within 2–3 days
Flexible business model
Easy to add/remove partners
Simple compliance
No annual ROC filings
Best for small businesses
Retailers, traders, shops, MSMEs
What You Will Get
Complete package for your registration
Drafted Partnership Deed
Stamp Paper & Notarization Support
Firm PAN
MSME/Udyam Registration
GST Registration (Optional)
Bank Account Opening Support
FilingBuddy Smart Support
Partnership Startup Kit (Optional)
Smart Support Features
AI-powered tools to make registration journey smooth and hassel-free
FilingBuddy AI Help
Explains clauses of deed & documents in simple language.
AI Document Checker
Ensures clarity & correctness of partner documents.
Smart WhatsApp Alerts
Automatic reminders, status updates & next steps.
Registration Timeline
Get your Partnership Firm registered in 2–5 working days
1
2
3
4
Day 1
Document collection + draft deed preparation
Day 2
Stamp Paper + notarization guidance
Day 2–3
Firm PAN Application + MSME registration
Day 3–5
GST Registration (if selected)
Step-by-Step Process
Our streamlined process ensures smooth registration
Step 1
Understanding business & partner roles
Step 2
Collecting partner documents
Step 3
Drafting Partnership Deed
Step 4
Finalizing deed & printing on stamp paper
Step 5
Notarization support
Step 6
PAN application
Step 7
MSME/Udyam registration
Step 8
GST registration (optional)
Step 9
Bank account opening
Documents Requirements
Keep these documents ready for a smooth registration process
For Each Partner
PAN
Aadhaar
Address Proof
Photo
Email & Mobile
Business Requirements
Business place address proof
Electricity/Water Bill
Rent Agreement (if applicable)
NOC from owner
Additional (Optional)
Nature of business
Capital contribution
Profit-sharing ratio
Post-Incorporation Compliance Roadmap
Important filings and compliances after incorporation
TimelineFiling
ActivityRequirement
Bank AccountMandatory
GST RegistrationOptional
MSME RegistrationOptional
BookkeepingRecommended
GST FilingsIf GST registered
Partnership Deed AmendmentsAs needed
FAQs
Join thousands of satisfied business owners who trust us with their compliance needs
Minimum partners required?
At least 2 partners.
Maximum limit?
No maximum limit.
Is a Partnership Firm a separate legal entity?
No, partners & firm are treated as one legally.
Is registration mandatory?
Registration is optional but highly recommended.
Can a partnership firm have a website & GST?
Yes.
Do all partners need to be present physically?
Only for notarization (if required).
Difference between LLP & Partnership?
LLP provides limited liability — Partnership does not.
Is audit required?
Audit required only if turnover exceeds limits.
Can a partnership have minors?
Minors can be admitted only for profit sharing, not as full partners.
Can partnership be converted to LLP or Company?
Yes, conversion is possible.
Can a partnership have employees?
Yes.
Is GST mandatory?
Only after crossing turnover limit.
Can two family members form a partnership?
Yes, family-run partnerships are common.
What is the validity of the Partnership Deed?
Valid until dissolved or amended.
Can profit sharing be changed?
Yes, anytime through an amendment deed.
How does FilingBuddy help?
Drafting, PAN, GST, MSME & full assistance.
Time required for registration?
Typically 2–5 working days.
Is there a refund guarantee?
Yes — 100% refund of professional fee if our internal timeline is missed.
Can firm name be changed later?
Yes, through amendment.
Is a bank account mandatory?
Yes, to operate legally.
Register your Partnership Firm today — quick, simple & most affordable for small businesses.
Join thousands of businesses that trust Online Filing India for their compliance needs. Get started today with expert guidance and AI-powered support.
You want limited liability (choose LLP)
