A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the PartnershipDeed. The formation of a partnership requires a voluntary “association” of persons who “co-own” the business and intend to conduct the business for profit. A partnership firm may be registered or unregistered, however a registered firm is always advisable owing to added associated benefits.

Benefits of Partnership Firm

Easy Registration and inexpensive  compared to LLP (Limited Liability Partnership)

Shared responsibilities of partners, in accordance to the partnership deed.

Minimum Compliance requirements

Documents Required

Pan Card (Self attested copy of all partners)

Partner’s address proof (Self attested copy of Aadhar or any other address proof of all partners)

Business address proof (Utility Bill)

Rent aggreement (Rent aggreement and NOC from owner of place of business, in case of rented property)