What is Partnership?

A Partnership firm is a business entity created by persons who have agreed to share profits or loss of the business. Partnerships are a very good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profits or losses. Partnership Firms in India are governed by the Indian Partnership Act, 1932. As per Section 4 of the Indian Partnership Act:- “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all”.


Types of Partnership?

There are two types of Partnership, registered Partnership and unregistered Partnership.The Act does not require the Partnership Deed/Partnership Firm to be registered and in other words, does not require the Partnership Firm to be a registered Firm. Therefore various partnership businesses exist as an unregistered firm. There are no penalties for non-registration of a partnership firm, and a partnership firm can even be registered after formation.


Documents Required?

Following documents are required for registration:-


PLAN ONE-

[Basic Partnership]

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PLAN TWO-

[Premium Partnership]


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Whether compliances are costly?

The answer is NO. Non-compliances are more expensive than compliance.

Simply contact us we will answer all of your queries.

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Happy Customers

We have served several customers in a very short span of time.

Team Envanto saved my time as well as money while incorporating my company as well as GST Registration, IEC and Trademark registration.

Manoj Gupta(Director)

These guys are very co-operative and helpful, as my LLP was incorporated in May 2019. They helped me a lot during all process.

Shashank Goel(Designated Partner)

  • Sandeep(Sales Agent)

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