Register a partnership firm under the Indian Partnership Act, 1932 for businesses with 2-50 partners.
A Partnership Firm is a business structure where 2 to 50 partners manage and operate a business. While registration is optional under the Indian Partnership Act, 1932, registered firms get legal advantages like the ability to sue third parties and file cases. Registration is done with the Registrar of Firms of the respective state.
Draft partnership deed with all terms and conditions → Pay stamp duty on partnership deed (varies by state) → Get partnership deed notarized or registered → Apply for Partnership Registration with Registrar of Firms → Get Certificate of Registration → Apply for PAN in firm's name
Prepare partnership deed with profit ratio, capital contribution, and terms
Pay applicable stamp duty based on state regulations
Get the partnership deed notarized or registered
Submit Form 1 with Registrar of Firms
Registrar issues Certificate of Registration