A partnership firm is a business entity that involves two or more members agreeing to share profits. It allows all partners or one partner acting on behalf of all, to conduct the business. The Indian Partnership Act of 1932 provides a definition of partnership as an agreement between people who agree to share profits from the business, whether carried out by all partners, or any of them acting on behalf of the others.
Each member of the partnership is referred to as a partner, and collectively, they form a firm. The specifics of the partnership are documented in a Partnership Deed. This legal document outlines the terms and conditions of the partnership, including the rights and duties of the partners among themselves and their legal relations with third parties.
In India, a partnership firm is a widely preferred business structure, requiring a minimum of two individuals to establish. It encompasses various trades, occupations, and professions. The Indian Partnership Act of 1932 serves as the governing and regulatory framework for partnership firms in the country. Partnerships are formed through a contract known as a Partnership Deed, which establishes and regulates the relationships between partners and the partnership firm.
Are you interested in starting a successful business with like-minded individuals? Creating a partnership firm can be an exciting and profitable way to pool resources, share responsibilities, and achieve common goals. At KLATH CONSULTANCY PRIVATE LIMITED, we specialize in helping entrepreneurs like you smoothly and effortlessly register their partnership firms.
Our team consists of experienced professionals who fully understand the intricacies involved in forming partnership firms. From creating a comprehensive and legally binding partnership deed to ensuring timely registration with the Registrar of Firms, we have everything covered. We know that every business is unique, so our services are tailored to meet your specific needs.
Gone are the days of dealing with piles of paperwork and waiting in long queues. With KLATH CONSULTANCY PRIVATE LIMITED, you can now complete the partnership deed registration online, saving precious time and effort. Our user-friendly platform allows you to register your partnership firm from the comfort of your own space. Obtaining the Partnership Firm Registration Certificate is a crucial step that establishes your firm's legal existence and opens doors to numerous opportunities. Not only does registration offer a plethora of benefits, but it is also a mandatory requirement under the Partnership Act.
You can trust KLATH CONSULTANCY PRIVATE LIMITED to be your guiding light throughout the entire process. As experts in the field, we are well-versed in the ins and outs of partnership firm registration, and we are dedicated to ensuring a smooth and successful registration journey for you.
Let's work hand in hand towards a bright and prosperous future for your partnership firm. Register your partnership firm with KLATH CONSULTANCY PRIVATE LIMITED today and step into a world of endless possibilities.
Partnership firms are incredibly easy to start, requiring only a partnership deed. Unlike LLP registrations that take several working days, a partnership can be established on the same day.
Decision making in a partnership firm is swift — no resolutions needed. Partners can act quickly and independently.
Multiple partners make it easier to raise funds. Banks also trust partnerships more when granting loans.
Each partner manages their activities, encouraging accountability and a sense of belonging.
Small number of partners allows fast changes to goals and processes.
Partners take active roles in daily operations, ensuring effective management.
All partners share business risks, reducing individual financial exposure.
Multiple minds create better solutions — teamwork drives success.
Minimal legal formalities make partnership firms affordable to start and maintain.
More partners mean a higher pool of capital for business expansion.
Combined financial strength improves credibility with lenders.
Talented employees can become partners, ensuring loyalty and retention.
Profit sharing among partners helps in tax efficiency and savings.
Business details remain private — not publicly disclosed like companies.
Partnerships face fewer regulatory constraints compared to companies.
Partners can easily modify or convert the firm’s legal structure when required.
Minimum Two Nos
Passport size colour photographs of directors
Driving Licenses, Voter ID, Passport etc
Utility Bill (Electricity, water etc), Bank
Approval by the Partners
Notarise the Deed
Apply for PAN and TAN
Receive your partnership registration
As an ISO 9001-2015 certified company, our experienced professional team helps our clients to follow and adopt best practices in the industries. In these decades we made tailor made solution to various issues faced by clients. We will also create customised solutions for all our individual, professionals as well as business clients.
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