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Start a partnership the right way — a well-drafted partnership deed, PAN for the firm and registration with the Registrar of Firms, guided by experienced Chartered Accountants.
ICAI Registered Firm No. ******2C · Serving clients since 1983 · Offices in Jaipur & Bhilwara
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A partnership firm is formed when two or more persons agree to carry on a business and share its profits. It is simple to set up and has minimal compliance, which makes it a popular choice for family businesses, traders and small service firms.
The partnership deed is the most important document — it records capital contribution, profit sharing, roles, admission and retirement of partners, and dispute resolution. Registering the firm with the Registrar of Firms is optional but recommended, as it gives the firm the right to enforce contracts in court.
A single point of contact from start to finish — no hand-offs, no surprises.
Deed drafted covering capital, profit share, duties and exit terms.
Guidance on stamp duty as applicable in Rajasthan and notarisation.
PAN application in the firm’s name.
Application to the Registrar of Firms with required forms.
Documents needed to open the firm’s current account.
Advice on GST registration and income tax for the firm.
Exact requirements depend on your constitution and case; we share a tailored checklist after the first call.
Still have questions? Call us on +91-141-3012220 or book a consultation.
Registration is optional under the Indian Partnership Act, 1932, but an unregistered firm cannot file a suit to enforce contractual rights against third parties. We therefore recommend registration.
A partnership needs at least two partners. The maximum number is limited under the Companies Act and Rules.
Yes. In a general partnership, partners have unlimited and joint liability for the firm’s debts. If limited liability matters, consider an LLP.
Yes. A partnership firm can later be converted into an LLP or a company by following the prescribed procedure.
Talk to a Chartered Accountant today — our partners are directly involved in every engagement.