Start your business with shared responsibility and maximum flexibility. GMH & Associates helps you register your Partnership Firm quickly, legally, and affordably — with expert documentation, PAN/TAN support, and complete compliance guidance.
✅ Expert drafting of Partnership Deed
✅ Obtain PAN & TAN for your firm
✅ Seamless Form C & state-level filings
✅ Dedicated support for bank account opening
✅ Transparent pricing & post-registration compliance help
A Partnership Firm is one of the most common and simplest forms of business structures in India, where two or more individuals join together to carry out a business and share profits based on a mutually agreed Partnership Deed. Governed by the Indian Partnership Act, 1932, partnership registration is optional — but a registered firm enjoys significantly higher legal protection, credibility, and enforceability.
At GMH & Associates, we ensure a smooth, hassle-free registration process with accurate documentation, drafting, verification, and post-registration support.
✅ Simple & Cost-Effective Setup – Far fewer formalities compared to companies
✅Shared Responsibilities – Duties, liabilities & risks are divided among partners
✅Better Access to Capital – Additional partners can bring in more investment
✅Tax Efficiency – Flat 30% tax rate, no dividend tax burden
✅Pass-Through Taxation – Profits taxed in partners’ hands; avoids double taxation
✅Flexibility in Management – Roles & rights defined clearly in the Partnership Deed
✅Business Continuity – Continuation as per deed provisions
✅More Market Opportunities – Leverage each partner’s expertise and network
| Feature | Partnership Firm | Company |
|---|---|---|
| Tax Rate | 30% + surcharge/cess | 25–30% |
| Double Taxation | Avoided | Exists |
| Dividend Distribution Tax | Not applicable | Applicable (till 2020) |
| Loss Carry Forward | Up to 8 years | Up to 8 years |
| Minimum Alternate Tax (MAT) | Not applicable | Applicable |
Partnership firms have simpler compliance and benefit from pass-through taxation, making them ideal for small and medium-sized businesses.
Minimum 2 partners required
Maximum 20 partners allowed
All partners must be Indian citizens above 18 years
Foreign nationals cannot form a partnership firm
Notarized/registered Partnership Deed
PAN card of the firm
KYC of all partners (Aadhaar, PAN, Address Proof, Photos)
Registered office proof: Rent agreement/ownership proof + latest utility bill
Form 1 – Application to the Registrar of Firms
| Step | Action | Details |
|---|---|---|
| Step 1 | Decide Business Activity | Mentioned in Partnership Deed & Form 1 |
| Step 2 | Choose Firm Name | Must be unique & not trademark-violating |
| Step 3 | Draft Partnership Deed | Defines rights, duties, and profit-sharing ratios |
| Step 4 | Prepare Documents | KYC, address proof, photos, PAN, etc. |
| Step 5 | File Form 1 | Submit deed + documents to Registrar |
| Step 6 | Verification by Registrar | Registrar verifies & approves |
| Step 7 | Obtain Registration Certificate | Official proof of firm registration |
| Step 8 | Apply for PAN & TAN | Mandatory for bank operations & taxation |
| Step 9 | GST Registration (if applicable) | Required if turnover exceeds threshold |
| Step 10 | Open Firm Bank Account | Operate legally under firm name |
✅ GMH & Associates handles end-to-end filing and coordination with government portals — ensuring quick and accurate registration.
To stay compliant under Indian laws, partnership firms must follow these essential regulations:
Maintain proper Books of Accounts
File annual Income Tax Returns
Deduct & deposit TDS, where applicable
File GST returns (if registered)
Update Registrar for any changes in partners or deed
Maintain documentation for bank accounts & financial audits
❌ Not registering the Partnership Deed
❌ Selecting an already-existing or restricted firm name
❌ Submitting incomplete KYC or incorrect documents
❌ Ignoring tax or GST compliance on time
❌ Not updating the Partnership Deed during partner changes
⭐ Expert Drafting of Partnership Deeds
⭐ Quick Online Registration with end-to-end support
⭐ Accurate Documentation for zero rejections
⭐ Transparent Pricing with no hidden fees
⭐ Post-Registration Support (GST, PAN/TAN, tax filings)
⭐ Experienced Team with 100+ successful registrations every year
We don’t just register your business — we help you build a compliant foundation for growth.
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No. But registration is highly recommended for better legal protection and enforceability.
It generally ranges from ₹2,000–₹5,000, depending on stamp duty and state.
Yes, in most states, the entire process can be completed online.
A minimum of 2 and maximum of 20 partners
No. Only Indian citizens can form a partnership firm.
Yes, it can be converted by following MCA guidelines and proper compliance.