Partnership Firm Setup

A Partnership Firm is one of the simplest and most affordable business structures for two or more individuals looking to run a business together. It offers shared responsibilities, flexible management, and fewer compliance requirements compared to Private Limited Companies. Unlike corporations, a Partnership Firm does not require extensive legal formalities, making it an ideal choice for small businesses, family enterprises, and professional service providers.

✅ Easy formation with minimal documentation
✅ Low-cost business structure with shared capital
✅ No mandatory audit or compliance burden
✅ Flexible profit-sharing & management structure

At BizSetups, we provide a fast, hassle-free, and 100% online Partnership Firm registration service, ensuring that your business is set up legally and smoothly. From drafting the Partnership Deed to obtaining essential tax registrations, our experts handle everything, allowing you to focus on business growth.

A Partnership Firm is the best choice for individuals who want to start a business together with shared capital, responsibility, and profits. It provides legal recognition, business credibility, and tax advantages without requiring complex compliance.

✅ Easy formation with minimal documentation
✅ Low-cost business structure with shared capital
✅ No mandatory audit or compliance burden
✅ Flexible profit-sharing & management structure

✅ Simple Formation: Quick registration process with fewer legal requirements.
✅ Low Compliance: No mandatory audits or annual filings required.
✅ Shared Responsibilities: All partners contribute to business operations.
✅ Flexible Profit-Sharing: Partners can divide profits as per the agreement.
✅ No Minimum Capital: Start a Partnership Firm with any investment amount.
✅ Tax Benefits: Partnership Firms enjoy lower tax rates than companies.

✅ Step 1: Choose a Business Name – Select a unique name for your firm.
✅ Step 2: Draft a Partnership Deed – Define the roles, responsibilities, and profit-sharing terms.
✅ Step 3: Stamp Duty & Notarization – Legally register the deed with proper stamp duty.
✅ Step 4: PAN & TAN Registration – Obtain tax identification numbers.
✅ Step 5: GST Registration (if applicable) – Required for businesses exceeding turnover limits.
✅ Step 6: MSME Registration (Optional) – Get recognized as a small or medium enterprise.
✅ Step 7: Bank Account Opening – Open a current account for business transactions.

For Partners

✅ PAN Card
✅ Aadhaar Card/Passport/Voter ID
✅ Passport-size Photograph

For Business Address Proof

✅ Electricity Bill/Rent Agreement
✅ NOC from Property Owner

For Partnership Deed

✅ Business name & principal place of operation
✅ Details of all partners (name, address, capital contribution, profit-sharing ratio)
✅ Nature of business activities

✅ Registration costs depend on state fees & document notarization.
✅ BizSetups offers customized registration packages—contact us for details!

Setting up a Partnership Firm can be a straightforward process, but ensuring legal compliance and drafting a proper Partnership Deed is essential. At BizSetups, we take care of everything—from documentation to registration—allowing you to start your business quickly and legally.

✅ 100% Online & Paperless – No physical paperwork needed
✅ Legal & Compliance Experts – Professional assistance throughout
✅ Quick Processing – Get your Partnership Firm registered in 7-10 working days
✅ Transparent Pricing – No hidden fees
✅ Dedicated Support – Step-by-step guidance in the registration process