Partnership Firm

Registration

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ENTERSLICE FINTECH
 Overview
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Partnership Firm is the most

suitable type of business structure
as it is very easy to form, and a
minimum of two people are
required to form a Partnership
Firm online. In a Partnership firm,
there are very minimal
compliances in comparison to
other business entities.
In simplified language, we can say that partnership
creates a relationship between two or more people

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who have agreed to carry on a business for profit, and
these people are known as partners.

Enterslice is India's leading platform in providing

professional legal services through an online platform,
and our team of professionals can make the Partnership
Firm Registration process quick and hassle-free.
 Essential Points to Choose it

Minimum two
Fewer Compliances
persons

Responsibilities & minor cannot become

duties are shared a partner

FEATURES

Flexibility in decision
Easy to set-up
making

Minimal legal Inexpensive to

formalities establish
Consequences

Without Partnership Firm

registration, a partner cannot
enforce its rights given under the

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Indian Partnership Act, 1932. In
case of dispute with the third party,
the firm cannot claim for setoff;
however, the third party will be able
to sue the Partnership Firm.
 DOCUMENTS FOR REGISTRATION 6

4 ID PROOF
ID Proof and
3 RENTAL address proof of all
If the property is the partners (PAN/
2
OWNERSHIP on rent then rental Aadhar Card/
Ownership agreement as a Driving License/
1 AFFIDAVIT documents in case proof of principal Copy of voter ID/

Specimen of property are place of Business Passport)

DEED Affidavit owned.
Certified Copy of
FORM 1 notarized
Partnership Firm Partnership Deed
registration on stamp paper
application in Form
1
 Process for Partnership Firm
Registration

01 02 03
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STEP STEP STEP

SELECTION OF CREATION OF PARTNERSHIP FIRM

PARTNERSHIP FIRM PARTNERSHIP DEED REGISTRATION
NAME
 1
Detail of the firm and its partners
such as name and address

2
Nature of the Partnership Firm

COMPONENTS OF THE
3
PARTNERSHIP DEED Detail of capital contributed by
each Partner

4
Profit/loss sharing ratio among
the partners

5
Interest on capital invested
 COMPONENTS OF THE PARTNERSHIP DEED

1 2 3 4
Detail of drawings Salaries, A process which will 5
Rights and
by partners or loans commissions or any be followed in case Other mutually
duties/obligation of
provided by other amount to be of retirement or decided clauses
each Partner
partners payable to partners death of any partner
 TAX COMPLIANCES FOR FIRM

It is mandatory for partnership firms in India to

obtain Permanent Account Number and Tax
Deduction Account Number from the Income Tax
Department after Partnership Firm Registration.
Architecture Presentation

Partnership Firm has to file a return of income

irrespective of the revenue or loss. In the case of a
partnership firm, the income tax rate on the total
income will be 30% and surcharge on income tax.
 you have to open a bank account
BANK ACCOUNT on the name of the partnership
Post Partnership Firm 05
OPENING firm within 30 days of the
Registration Requirements partnership firm registration.

INTELLECTUAL Intellectual property registration gives

04 PROPERTY protection to the trademark and patent from
REGISTRATION infringement and duplication.

The partnership firm shall set up policies and

DRAFTING
03 enter into certain agreements on the basis of
DOCUMENTS
its structure.

The next step is the printing of stationery such as

02 STATIONARY billheads and letterheads, consisting of the name of the
firm.

GST GST Registration is required for Business with annual turnover

01
REGISTRATION exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states).
 HOW ENTERSLICE HELPS YOU TO GET
Partnership Firm Registration

1 2 3 4 5

Fill The Form Get a Callback Submit Document Track Progress Get Deliverables
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