Partnership Firm

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Ideal For Small Sized Partnership.

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Why choose Partnership?

Partnership firm is one of the cheapest ways to form a legal entity in India, created by drafting a partnership firm deed agreement amongst the partners and are comparatively easy to start in comparison to LLP or Private ltd company to kick start the business formally. Read More On Our Blog.

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Steps Involved

Step 1: Basic Information

Step 2: Draft of Partnership Deed

Step 3: Review & Changes

Step 4: Final Deed

Step 5: Application of PAN Card

Required Documents for Partnership Firm

For Unregistered Partnership Firm

A Partnership deed is formed on a suitable non-judicial stamp paper duly signed by each member of the firm. The same is required to be notarized by the notary and from that date Partnership Firm deemed to be registered.

For Registered Partnership Firm

Application for Registration in the prescribed Form – I.

Duly filled Specimen of Affidavit.

Certified copy of the Partnership deed on appropriate non-judicial stamp paper.

Proof of ownership of the place of business or the rental/lease agreement thereof.

Affix court fee stamp & payment of prescribed fee for registration by demand draft.

Type Ideal For Minimum No. Of Members Tax Statutory Compliance Time Taken
Private Limited Company Startup and Small Entities 2 Directors 25 High 2 Weeks
Limited Liability Partnership Professionals 2 partners 30 Moderate 2 Weeks
Partnership Firm 2 Partners 2 Partners 30 Low 2 Weeks
One Person Company Sole Promoter 1 Director 30 High 2 Weeks
Sole Proprietorship Individual Individual 10-30 Low 1 Week