Overview
A Partnership Firm is formed when two or more individuals agree to share profits and responsibilities, governed by the Indian Partnership Act, 1932.
Process
- Draft & notarize Partnership Deed
- File deed with Registrar of Firms
- Apply for PAN, TAN, and GST registration
Documents Required
- PAN, Aadhaar of all partners
- Partnership deed
- Address proof & utility bill
Time Required
⏳ 5–7 working days
Key Benefits
- Simple formation
- Shared responsibilities
- Low compliance