Partnership Firm Registration
A Partnership Firm is a popular business structure where two or more individuals come together to carry on a business and share profits. TRAX helps you register your partnership firm smoothly with proper documentation and legal recognition.
What is a Partnership Firm?
A Partnership Firm is formed when two or more persons agree to share the profits of a business carried on by all or any of them acting for all. It is governed by the Indian Partnership Act, 1932, and is suitable for small and medium-sized businesses.
Who Should Choose a Partnership Firm?
Businesses operated by family members together.
CA, legal, consulting, and advisory firms.
Enterprises with multiple owners.
Partners pooling resources and expertise.
Wholesale and retail businesses.
Service-based businesses run jointly.
Key Features of a Partnership Firm
Minimum two partners required.
Profits shared as per partnership deed.
Fewer statutory requirements compared to companies.
Governed by the partnership deed.
Partners can manage business directly.
Low registration and maintenance cost.
Partnership Firm Registration Process
Finalize partners and business details
Draft partnership deed
Register deed with Registrar of Firms
Obtain PAN, GST & other registrations
Register Your Partnership Firm with TRAX
Share your details and our experts will guide you through partnership firm registration.