KRYSTAL7
Business Solutions Made Simple
Partnership Firm Registration

The Classic Route for Collaboration:
Simple, Trusted, and Familiar.

For small businesses, family ventures, and professional collaborations, the Partnership Firm is a time-tested structure. It offers simplicity, flexibility, and minimal compliance—letting you focus purely on your business.

Form Your Partnership
Easy to Start Low Compliance Flexible Management
The Foundation

Why a Partnership Firm Still Makes Sense

Governed by the Indian Partnership Act, 1932, this structure is defined by its core document: the Partnership Deed. This legal agreement outlines everything—profit sharing, partner roles, and business rules—making it a transparent and straightforward way to collaborate.

Strategic Edge

The simplicity of a Partnership Firm offers distinct advantages.

  • Quick & Easy Setup: Start your business in just a few days with minimal paperwork.
  • Total Flexibility: The Partnership Deed gives you complete freedom to define roles and profit shares.
  • Low Compliance: No mandatory annual filings or complex board meetings required.

Operational Realities

It’s crucial to understand the limitations before you start.

  • Unlimited Liability: Your personal assets are not protected from business debts.
  • No Separate Legal Entity: The firm and its partners are considered one and the same in the eyes of the law.
  • Transfer of Interest: Ownership cannot be transferred without the consent of all other partners.
Our Process

The Partnership Registration Roadmap

A clear, four-step path to formalizing your partnership.

Partnership Deed Drafting

We draft a comprehensive Partnership Deed based on your needs, covering capital, profit sharing, and partner roles.

Notarization

The deed is printed on stamp paper and notarized to make it a legally enforceable document.

PAN & TAN Application

We apply for the firm's dedicated PAN and TAN, essential for all tax-related matters.

Bank Account Opening

Using the registered deed and PAN, you can now open a current account in the firm’s name.

Start Your Partnership

Let’s Formalize Your Venture

Launch your partnership with a solid legal foundation. Krystal7 ensures your Partnership Deed is robust and your firm is ready for business.

Custom Deed
Tailored for You

Quick Process
Ready in Days

Expert Support
Full Guidance

Submit your details for a free consultation.

Build your business together, the right way!

Questions Answered

Frequently Asked Questions

Your questions about Partnership Firms, answered.

No, registration with the Registrar of Firms is optional. However, an unregistered firm cannot sue third parties, making registration highly recommended for legal protection.

The key difference is liability. In a Partnership Firm, partners have unlimited liability. In a LLP, partners' liability is limited to their capital contribution.

A partnership must have a minimum of two partners. The maximum number is generally 50 for most business activities.

The profits of a partnership firm are taxed at a flat rate of 30% (plus surcharge and cess). The profits distributed to partners are then exempt from tax in their individual hands.

Unless the Partnership Deed specifies otherwise, the firm is dissolved upon the death, retirement, or insolvency of a partner. This highlights the importance of a well-drafted deed.