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Home / Company Law & Secretarial Services / Partnership Firm Registration
Last updated: 2 October 2026
A partnership firm is a simple way for two or more people to run a business together under the Indian Partnership Act, 1932. Our team drafts the partnership deed, registers the firm with the Registrar of Firms and sets up PAN, GST and bank account.
A partnership firm is formed by an agreement — the partnership deed — between two or more partners who share profits and run the business together. It is governed by the Indian Partnership Act, 1932.
Partnerships suit small businesses and family ventures. Where liability protection or outside investment matters, an LLP or private limited company is usually a better fit.
Based on the Indian Partnership Act, 1932 and state Registrar of Firms procedures. Last updated: 27 September 2026.
Minimum partners needed to form a firm
Registration with the Registrar of Firms is not compulsory, but advised
Limits on legal action by an unregistered firm
Partners are personally liable for the firm’s debts
The firm is taxed separately from its partners
Payable on the deed; the rate varies by state
Most disputes trace back to a thin or unregistered deed.
No clear terms on capital, drawings, exit or death of a partner.
Registration left pending, then the firm cannot enforce a contract in court.
Partners discover personal exposure only when the firm has a loss or claim.
A partnership often grows into another structure.
Limited liability with a partnership model.
For growth and outside investment.
Converting an existing firm.
Running a business on your own.
We agree the capital, profit share and key terms with all partners.
The partnership deed is drafted and reviewed with you.
The deed is stamped and notarised as per state rules.
Application filed with the Registrar of Firms.
PAN for the firm and GST registration, where needed.
Support with opening the firm’s current account.
A registered firm still has yearly tax filings and must record changes.
Filed by the firm every year.
Monthly or quarterly, if registered.
Recorded by amending the deed and informing the Registrar.
Tax audit applies if turnover crosses the limits under the Income-tax Act.
Share your query and our team will reply during business hours.
No, but an unregistered firm cannot sue third parties to enforce contracts, and partners cannot enforce rights under the deed in court. Registration is strongly advised.
At least two. The Companies Act caps partnerships at 50 partners.
Yes. Partners have unlimited liability for the firm’s debts, unlike partners in an LLP.
Yes. A registered firm can convert into an LLP under the LLP Act, 2008.
Yes. The firm is a separate taxpayer and needs its own PAN and bank account.
ACS – Director, Expertvuw Management Pvt Ltd
This work is handled by Expertvuw’s team, with filings made on the MCA portal. Certifications and audits required by law are issued by independent practising professionals engaged for your case.