Partnership Firm Registration in India
Simple multi-person business with a formal deed and tax identity.
Best for
- ✓Small businesses with 2–20 partners who know and trust each other
- ✓Family-run businesses formalising operations
- ✓Businesses where partners want direct profit-sharing without corporate overhead
Available for Indian residents only
Includes Partnership Deed drafting, PAN, and TAN. Available only for Indian residents.
Get started →View all pricing →Requirements
- Minimum 2, maximum 50 (maximum 10 for banking partnerships)
- No residency requirement for partners
No minimum capital requirement
Unlimited — all partners are personally liable for debts and obligations of the firm
- A Partnership Deed is mandatory
- Nexub drafts the deed, applies for PAN and TAN on behalf of the firm
Registration process
| Step | Action | Timeline |
|---|---|---|
01 | Draft Partnership Deed Nexub drafts a legally sound Partnership Deed outlining each partner's name, address, profit-sharing ratio, duties, and dissolution terms. | 1–2 days |
02 | Stamp duty payment The deed is printed on non-judicial stamp paper (value varies by state) and signed by all partners in the presence of a notary. | 1 day |
03 | Apply for firm PAN Apply for the firm's PAN card with the Income Tax Department using the signed deed. | 2–3 days |
04 | Apply for TAN TAN (Tax Deduction Account Number) is obtained for the firm if it will deduct TDS on salaries or payments. | 1–2 days |
05 | Optional: Register with Registrar of Firms Registration with the state Registrar of Firms is optional but strongly recommended. It allows the firm to sue third parties and file suit in court to enforce contracts. | 3–7 days |
Document checklist
Prepare these before starting — Nexub will guide you through each one.
Partner Documents
- ☐PAN card of all partners
- ☐Aadhaar card (Indian partners)
- ☐Recent passport-sized photograph of all partners
- ☐Address proof of all partners (bank statement or utility bill)
Firm Documents
- ☐Electricity bill or utility bill of the business address
- ☐Rent agreement (if rented premises)
- ☐NOC from property owner
What Nexub delivers
Everything included in your formation fee — no hidden extras.
Optional add-ons
Add at formation time or anytime after incorporation.
MSME / Udyam Registration
₹1,500Udyam portal registration for access to government MSME schemes, priority lending, and subsidies.
Add thisGST Registration
₹5,000GST registration on the GSTN portal, including GSTIN issuance and business verification.
Add thisIE Code (Import Export)
₹3,500Import Export Code from DGFT — mandatory for any business involved in international trade.
Add thisAnnual compliance obligations
After formation, these filings keep your company in good standing.
| Filing | Frequency | Penalty for delay |
|---|---|---|
| Income Tax Return (ITR-5) | Annual | — |
| GSTR-1 + GSTR-3B (if GST registered) | Monthly/Quarterly | — |
| TDS Returns (if applicable) | Quarterly | — |
| Tax Audit (if turnover > ₹1 Crore) | Annual | — |
Free tools
Partnership registration — common questions
Everything founders ask before registering a Partnership Firm in India.
No, registration is optional. However, an unregistered firm cannot file a lawsuit against third parties or enforce contracts in court. Registration is strongly recommended for any active business.
A maximum of 50 partners is allowed for general businesses, and 10 partners for banking partnerships.
Yes. Unlike a company or LLP, partners have unlimited personal liability. All partners (including their personal assets) can be attached to settle the firm's debts.
Yes. A registered Partnership Firm can be converted to an LLP under Section 55 of the LLP Act. Conversion to a Pvt Ltd is also possible under the Companies Act.
The key difference is liability. In a partnership, all partners have unlimited personal liability. In an LLP, each partner's liability is limited to their contribution, and partners are not liable for each other's wrongful acts.
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