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Planning to start a traditional business with a co-founder or family?
A Partnership Firm is one of the easiest and most cost-effective ways to get started in India — and Founder’s Buddy will help you register it with complete legal compliance and minimal paperwork.
From drafting the Partnership Deed to getting a PAN and registering with the Registrar of Firms, we handle the entire process for you.
What’s included in Your Partnership Registration Package:
A Partnership Firm is a business owned and managed by two or more people under a mutual agreement — governed by the Indian Partnership Act, 1932.
Legally, it’s governed by the Companies Act, 2013, and can have 2–200 shareholders. This makes it a top choice for startups and SMEs in India looking for long-term growth and funding.
Best structure for Freelancers, solo entrepreneurs, consultants, or professionals.
Before you apply for One Person Company (OPC) registration, make sure you meet the basic eligibility and setup requirements.
No complex paperwork or digital filings as registration is optional.
Partners divide profits and responsibilities as per the mutually agreed partnership deed.
No ROC filing or board meetings — making it easier and cheaper to operate.
Define capital contributions, roles, profit ratios, and dispute mechanisms — all tailored to your needs.
Registration under the Registrar of Firms is not mandatory, but it offers additional legal rights.
You focus on growing your business — we’ll handle the legal compliances and regulatory complexities
| Feature | Partnership Firm | Pvt Ltd Company | LLP | Sole Proprietorship |
|---|---|---|---|---|
| Legal Status | Not Separate |  Separate Entity | Separate Entity | Not Separate |
| Liability | Unlimited | Limited | Limited | Unlimited |
| Taxation | 30%/Slab Rates | Flat 25% | Flat 30% | Slab Rates |
| Best For | Traditional Firms | Startups | Service Firms | Freelancers/Traders |
| Set up Cost | Low | High | Medium | Low |
| Compliance | Minimal | High | Moderate | Minimal |
| Need | Best Structure |
|---|---|
| Want legal protection | LLP / Pvt Ltd |
| Want tax simplicity | Proprietorship / Partnership |
| Fundraising / VC | Private Limited Company |
| Traditional firm / family | Partnership Firm |
Finalize Business Details
Name, Address, Partner roles
Draft Partnership Deed
Stating rights, duties, capital and profit sharing.
Get PAN for the Firm
Mandatory for opening a bank account and filing taxes.
Register with Registrar of Firms (Optional)
Registration provides additional legal protection and is recommended.
Start Operating Legally
With your deed and PAN in hand, you’re ready to open a current account and begin business.
Our partnership formation package includes everything you need to form a partnership online — no hidden fees, no delays.
Starting at
Rs.4,999/-+ GST and Govt. Fees
Call us on +91 9167123781 / 82
Starting at
Rs.19,999/-+ GST and Govt. Fees
Call us on +91 9167123781 / 82
You focus on growing your business — we’ll handle the legal compliances and regulatory complexities
Thinking of starting your business in India? Below are the most common questions about Private Limited Company registration — from documents to compliance and timelines.
🚫 No. But registration gives legal recognition and is required to file suits in court.
🚫 No. Everything can be done remotely through documentation and digital communication.
👥 Minimum 2. Maximum 20 as per the Indian Partnership Act.
📄 Registered firms have legal rights to sue third parties and enjoy better credibility.
✅ Yes, unless restricted by employment terms. Always check HR policies first.
🔄 Absolutely. We can assist with smooth conversion when you're ready to scale.
📘 The terms in the Partnership Deed apply. That’s why drafting it carefully is key.
✅ Yes. A current account in the firm’s name is needed for professional operations.
👨👩👧 Yes, family members (including spouses, siblings, or parent-child) can become legal partners in a firm.
💰 No. There is no minimum capital prescribed. You can start with any amount as agreed among partners.
📝 Not necessarily. Our team drafts a legally compliant, customized deed for you — no separate lawyer required
📊 Only if your turnover exceeds certain thresholds under the Income Tax Act.
🚫 No. A minor cannot be a partner but can be admitted to the benefits of partnership with consent from all partners.
💼 Partnership firms are taxed at 30% + cess on profits. Income is not taxed in the hands of partners if profit is already taxed in the firm.
✅ Yes. The process, including PAN and deed creation, can be completed online with our assistance. Physical presence is not required.
💵 Yes, as long as it is provided for in the Partnership Deed and complies with income tax rules.
🔄 Through terms mentioned in the Partnership Deed. If not defined, mutual consent or a fresh agreement is needed.
Still have questions about Partnership Firm Company registration in India? Contact our experts for a free consultation.
