Partnership Firm
Set up a partnership firm with a professionally drafted partnership deed, PAN and registration with the state Registrar of Firms.
- Timeline7–10 working days for deed drafting and registration.
- Starting at₹4,999 + GST & Govt. fees applicable
- Documents6 items — shared securely online
About Partnership Firm
A partnership firm is one of the simplest ways for two or more people to run a business together. It is quick to start, has low compliance and is governed by an agreement the partners write themselves.
NewStarts drafts a clear partnership deed, arranges stamping and notarisation, applies for the firm's PAN and files registration with the Registrar of Firms in your state. We also help with the bank account, GST and MSME registrations that most firms need.
What is Partnership Firm?
A partnership firm is a relationship between two or more persons who agree to share the profits of a business carried on by all or any of them, governed by the Indian Partnership Act, 1932 and a written partnership deed.
100% online, no office visit- Category
- Startup & Company Registration
- Authority / portal
- State Registrar of Firms under the Indian Partnership Act, 1932; Income Tax Department for PAN
- Timeline
- 7–10 working days for deed drafting and registration.
- Starting price
- ₹4,999
- Mode
- 100% online — no office visit needed
Who needs Partnership Firm?
Situations where this service is required or strongly recommended.
Small businesses with co-owners
Shops, traders and service businesses run by two or more people.
Family businesses
Relatives who want to share profits under a written agreement.
Professionals
Where professional rules allow practice through partnership.
Businesses testing a model
Partners who want to start quickly and convert to an LLP or company later.
Eligibility
Basic conditions to qualify for Partnership Firm.
Minimum two partners
Maximum 50 partners as per company rules on associations.
Competent to contract
Partners must be adults of sound mind; minors can only be admitted to benefits.
Lawful business
The firm must carry on a lawful business for profit.
Written deed
A stamped partnership deed signed by all partners.
Benefits of Partnership Firm
What you gain once it is done right.
Easy and quick to start
Only a deed and PAN are needed to begin.
Low compliance
No ROC filings or mandatory board meetings.
Shared resources
Capital, skills and contacts of multiple partners.
Flexible terms
Profit ratio, duties and exit rules are set by the partners.
Legal standing when registered
A registered firm can enforce contracts in court.
Simple conversion
Can later convert into an LLP or private limited company.
Types of Partnership Firm
Choose the option that matches your situation.
Registered partnership firm
Registered with the Registrar of Firms and able to sue third parties to enforce contracts.
Unregistered partnership firm
Valid but cannot sue third parties or partners to enforce rights under the deed.
Partnership at will
No fixed duration; any partner can dissolve it by notice.
Particular partnership
Formed for a specific project or period.
Documents required
Keep these ready. We share an exact checklist for your specific case and collect everything through a secure online link.
Get this checklist on WhatsAppPAN Card of All Partners
PAN of every partner — the firm's own PAN is applied for once the deed is executed.
Aadhaar Card of All Partners
Aadhaar of each partner for identity and address verification.
Passport Size Photographs
Recent passport-size photograph of each partner.
Partnership Deed Details
Firm name, business activity, capital contribution and profit-sharing ratio of each partner — we draft the deed on stamp paper for signing.
Principal Place of Business Proof
Latest electricity bill, property tax receipt or sale deed of the firm's office.
Rental Agreement / NOC
If the premises are rented — a registered rent agreement along with a No-Objection Certificate from the property owner.
Step-by-step process
How NewStarts takes Partnership Firm from first call to final delivery.
- 01
Consultation
We understand the business, capital and partner roles.
- 02
Draft the partnership deed
Capital, profit ratio, salaries, interest, admission, retirement and dispute terms are drafted.
- 03
Stamp and sign the deed
The deed is printed on stamp paper as per state rates and signed by partners.
- 04
Apply for PAN
The firm's PAN is applied for online using the deed.
- 05
Register with the Registrar of Firms
Registration application, deed and fees are filed with the state registrar.
- 06
Bank account and registrations
We support bank account opening and GST or MSME registration if needed.
NewStarts Partnership Firm service
What is included when you engage NewStarts.
Free eligibility check
A specialist reviews your facts and confirms the right route and package for Partnership Firm before you pay anything.
Document checklist & review
You receive an exact checklist and upload through a secure link. We verify every document to avoid rejections.
Drafting & filing
We prepare every form, declaration and annexure for Partnership Firm and file on the correct government portal.
Query & objection handling
Any departmental query or clarification is answered by our team, with corrected filings where needed.
Delivery & hand-over
Certificates and approvals are shared digitally, with a plain-language note on your next compliance steps.
Post-service support
Reminders, renewals and related filings can be handled by the same NewStarts relationship manager.
Transparent pricing
No hidden charges. Choose the package that fits — upgrade anytime.
Basic
₹4,999
+ GST & Govt. fees applicable
Core partnership deed drafting & filing
- Partnership deed drafting
- Registration filing
- Basic documentation support
Premium
₹8,999
+ GST & Govt. fees applicable
End-to-end partnership setup with priority handling
- Everything in Basic
- PAN application support
- Email & WhatsApp support
- GST registration support
- Dedicated relationship manager
Partnership Firm FAQs
Have questions? We have answers.
Can’t find your answer? Ask the assistant, or speak to our team.
No, but an unregistered firm cannot sue third parties or its partners to enforce contractual rights, so registration is strongly advised.
At least two and, under current company rules, up to 50.
The firm is taxed at a flat rate on its profits; partners' profit share is exempt in their hands.
Yes, through Form 17 along with FiLLiP under the LLP Act.
Usually 7 to 10 working days, depending on the state registrar.
A minor cannot be a full partner, but can be admitted to the benefits of the partnership.
Yes. Document collection, e-signing and filing are completed online, so you do not need to visit any office. Where a physical step is unavoidable, we tell you upfront.
NewStarts professional fees, GST and government fees are shown separately. Government fees are paid at actuals and confirmed with you before filing.
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Ready to start your Partnership Firm?
Book a free consultation and get an exact document checklist and quote for your case.
