Partnership Firm Registration

Traditional partnership deed registration with Registrar of Firms

Who needs this: Two or more individuals joining in partnership for a common business or shared profit

Indicative fees: ₹5,000–₹15,000 (govt registration fee ₹500–₹5,000 + professional fees)

Step-by-step process

Draft Partnership Deed with all partners' details, profit-sharing ratio, capital contribution, and partner responsibilities
Get Deed notarized or signed by all partners before Registrar
Obtain PAN for the partnership (apply on NSDL/Protean portal with PAN-SP form)
File Partnership Deed with State Registrar of Firms along with copies of PAN, Aadhaar, address proof of all partners
Pay registration fee (₹500–₹5,000 depending on state)
Registrar examines Deed and issues Registration Certificate within 5–10 working days
Obtain GST registration if turnover exceeds threshold (>₹40 L for goods, >₹20 L for services)
Open partnership bank account with PAN certificate and registration certificate
Maintain statutory registers: Partner register, Capital account, and annual accounts register
File annual ITR and profit/loss statements by 31 July every year
Conduct partnership meetings and record minutes for major decisions
Renew registration if deed is modified or partners change (within 6 months)