Why Choose Jain Prachi & Company?
Fast & Hassle-Free Registration
– Quick online process with expert assistance.
Cost-Effective Business Setup
– Ideal for small businesses and professional firms.
Comprehensive Compliance Support
– Assistance with tax registration, filings, and business structuring
Get Started!
Partnership Firm Registration Services in India
Why Register a Partnership Firm in India?
✔ Ease of Formation – Simple agreement-based setup with minimal paperwork.
✔ Low Compliance Burden – Fewer legal formalities than companies.
✔ Shared Decision-Making – Partners contribute skills and investments.
✔ No Minimum Capital Requirement – Start with any capital investment.
✔ Flexible Profit-Sharing – Customizable as per the partnership deed.
Great service and very helpful. Received advice on taxation and it proved very helpful. Would recommend it for everyone.
runda Makwana
I have been using JAIN PRACHI & COMPANY Accounting Services from last 6 years, and I am consistently impressed with their professionalism and proactive approach so far.
Ankit Neema
Highly professional and responsive with excellent expertise in taxation in Indore!
Shreyansh Bokadiya
Difference Between Partnership Firm and Other Business Structures
| Criteria | Partnership Firm | Private Limited Company | LLP (Limited Liability Partnership) |
|---|---|---|---|
| Legal Identity | Not a separate legal entity | Separate legal entity | Separate legal entity |
| Liability Protection | Unlimited liability for partners | Limited liability for shareholders | Limited liability for partners |
| Minimum Members Required | 2 Partners | 2 Directors, 2 Shareholders | 2 Partners |
| Maximum Members Allowed | 50 Partners | 200 Shareholders | Unlimited Partners |
| Foreign Ownership | Not Allowed | Allowed (100% FDI in most sectors) | Allowed (subject to FEMA rules) |
| Taxation | Firm tax rates | Corporate tax rates | Partnership firm taxation |
| Compliance Requirements | Low | High | Moderate |
| Funding & Credibility | Medium – Recognized by banks & lenders | High – Preferred by investors & banks | Medium – Best for professionals & SMEs |
| Registration Authority | Registrar of Firms (optional) | Ministry of Corporate Affairs (MCA) | Ministry of Corporate Affairs (MCA) |
Step-by-Step Process for Partnership Firm Registration
✔ Draft a Partnership Deed – Define business activities, profit-sharing, and partner responsibilities.
✔ Obtain PAN & TAN – Required for taxation and TDS compliance.
✔ Register with the Registrar of Firms (Optional) – Provides legal recognition.
✔ Apply for GST Registration – Mandatory for turnover above ₹40 lakh (₹20 lakh for services).
✔ Open a Business Bank Account – Required for financial transactions.
✔ Post-Registration Compliance – Annual filings, tax payments, and regulatory adherence.
How Jain Prachi & Company Helps?
✔ Legal Drafting of Partnership Deed – Customized agreements to suit business needs.
✔ Seamless Online Registration Process – Quick & error-free documentation.
✔ PAN, TAN & GST Registration Support – Ensure taxation compliance.
✔ Tax & Accounting Services – End-to-end support for business growth.
✔ Ongoing Compliance & Advisory – Assistance with legal and financial obligations.
Documents Required for Partnership Firm Registration
| Document | Requirement |
|---|---|
| PAN Card | Required for all partners. |
| Aadhaar Card | Mandatory for identity verification. |
| Partnership Deed | Legal document defining the business structure. |
| Proof of Address | Utility bill, rental agreement, or property deed. |
| Bank Statement | Recent statement for financial verification. |
| GST Registration Certificate (if applicable) | Required for tax compliance. |
Timeline & Pricing
✔ Business Setup Time: 5-7 days
✔ Starting at: ₹4,999
Frequently Asked Questions
Phone
+91-8989666715
Location
304, Trade House, 14/3, South Tukoganj, Indore (M.P.) -452001
contactus@jainprachi.com
