Name Availability & Advisory
Review the proposed business name and registration approach.
CORPORATE & COMMERCIAL ADVISORY · ENTITY FORMATION
Partnership Firm
A collaborative business structure built on trust, shared expertise and mutual growth.
PARTNERSHIP FIRM
Build a partnership on shared understanding
Set up a Partnership Firm with proper legal documentation and compliance support. We help you draft the partnership deed, complete registration and build a strong foundation for your business with clarity and confidence.
A partnership firm starts with a relationship between people who intend to conduct a business together. Clearly recording their agreement is valuable even when they know one another well: assumptions about authority, contributions and financial arrangements can otherwise remain unresolved.
OUR SERVICES FOR PARTNERSHIP FIRM
Coordinated support from planning to setup
Bring the formation steps and connected requirements into one considered plan.
Drafting of Partnership Deed
Document partner roles, contributions and agreed business arrangements.
PAN, TAN & Bank Account Assistance
Coordinate tax identifiers and practical account-opening steps.
GST & Statutory Registrations
Assess and coordinate applicable registrations.
Shop & Establishment Registration
Support applicable local establishment registration.
Professional Tax Registration
Coordinate professional tax registration where applicable.
Licences & Sectoral Approvals
Identify licences and approvals relevant to the activity.
Accounting & Bookkeeping Support
Establish practical accounting and record-keeping support.
Compliance & Return Filing
Support relevant ongoing compliance and return filing.
Changes in Partner / Deed Amendment
Coordinate changes to partner details or deed arrangements.
KEY BENEFITS
Why choose Partnership Firm?
A partnership firm starts with a relationship between people who intend to conduct a business together. Clearly recording their agreement is valuable even when they know one another well: assumptions about authority, contributions and financial arrangements can otherwise remain unresolved.
Considered for your next chapter.
Easy and quick incorporation
A straightforward registration path helps partners establish their business.
Flexible management and profit sharing
Partners can document management responsibilities and how profits are shared.
Lower compliance burden
A simpler structure can mean fewer ongoing formalities than a company.
Cost-effective structure
An accessible option for businesses beginning operations together.
Suitable for small and medium businesses
A practical structure for a small or medium-sized partnership.
Can be converted into LLP or Company
A future transition can be considered as the business develops.
BUSINESS STRUCTURE & TAXATION ASPECTS
Business Structure & Taxation Aspects
A partnership firm starts with a relationship between people who intend to conduct a business together. Clearly recording their agreement is valuable even when they know one another well: assumptions about authority, contributions and financial arrangements can otherwise remain unresolved.
- Income taxed in the hands of partners
Profits are taxed in the hands of partners as per applicable slab rates.
- No separate entity from partners
Plan partner authority and responsibilities with the firm's operating model.
- GST and other registrations
Consider GST and activity-specific registrations where required.
- Simple structure with minimum compliance
Assess obligations applicable to the firm's activity and location.
Clarity for what comes next.
COMPARATIVE ANALYSIS
Which Structure is Right for You?
Compare common business structures across ownership, liability, compliance and tax considerations.
| Features | Partnership Firm | LLP (Limited Liability Partnership) | Private Limited Company | Public Limited Company | One Person Company (OPC) | Sole Proprietorship Firm |
|---|---|---|---|---|---|---|
| Minimum Members | 2 (maximum 50) | 2 (no upper limit) | 2 (minimum) | 7 (minimum) | 1 | 1 |
| Separate Legal Entity | No | Yes | Yes | Yes | Yes | No |
| Limited Liability | No (Unlimited) | Yes | Yes | Yes | Yes | No (Unlimited) |
| Perpetual Succession | No | Yes | Yes | Yes | Yes | No |
| Ease of Fundraising | Low | Low | High | Very High | Moderate | Low |
| Compliance Requirements | Low | Moderate | Moderate to High | High | Moderate | Low |
| Suitable For | Small businesses, traders, professionals | Professional services, SMEs, joint ventures | Growing businesses & startups | Large businesses & public listing | Single entrepreneur | Individuals |
| Taxation | Income taxed in hands of partners (as per slab rates) | Pass-through taxation | Corporate tax rates | Corporate tax rates | Corporate tax rates | Income taxed in hands of proprietor (as per slab rates) |
Use this overview as a starting point for advice on the proposed structure and circumstances.
INCORPORATION PROCESS
Simple, Transparent and Timely
A clear sequence of decisions and filings, coordinated around complete information and authority processing.
Consultation & Business Planning
Discuss partner arrangements and the proposed business.
Name Availability
Review and reserve a proposed name, subject to availability.
Drafting of Partnership Deed
Record partner contributions, authority and business terms.
Document Preparation
Prepare the supporting documents for registration.
PAN, TAN & GST Registration
Coordinate relevant registrations (3–5 working days).
Bank Account Assistance
Support the firm's account-opening process.
Additional Licences
Coordinate activity-specific licences, if applicable.
DOCUMENTS REQUIRED
Key Documents for Registration
The exact checklist depends on the proposed entity, participants and activities. We will confirm requirements for your circumstances.
- Proposed firm name(s)
- PAN, Aadhaar and address proof of all partners
- Passport-size photographs of partners
- Registered office address proof (rent agreement / NOC)
- Partnership Deed (on appropriate stamp paper)
- Business activity and description
- GST registration documents (if applicable)
- Shop & Establishment documents (if applicable)
- Sector-specific licences (if applicable)
OUR PROFESSIONAL FEES
Transparent and value-driven
Choose a formation package based on the level of support you need. The scope can be confirmed against your requirements before proceeding.
Basic Package
₹4,999/-- Name reservation advisory
- Drafting of Partnership Deed
- PAN, TAN and bank account assistance
- GST registration (if required)
Comprehensive Package
₹9,999/-- All Basic Package services
- Shop & Establishment registration
- Professional Tax registration
- Other sectoral licences (if any)
- Ongoing compliance guidance (1 month)
Customised Quote for Specific Business Needs
For multi-partner firms, sector-specific licensing, professional services or customised requirements.
Get a QuoteGovernment charges, applicable taxes and third-party costs are confirmed separately as part of the proposed scope.
KEY FEATURES
Key Features of a Partnership Firm
Simple and quick setup
Shared ownership and management
Flexible profit sharing ratio
Low compliance burden
Cost-effective
Ideal for small and medium businesses
Easily convertible to LLP or Company
Wide business acceptance
FREQUENTLY ASKED QUESTIONS
Browse all FAQs A few useful answers
Common questions about Partnership Firm formation and planning.
What is a Partnership Firm?
What is the minimum number of partners required?
Is registration mandatory for a partnership firm?
Can a foreign national be a partner in a partnership firm?
TESTIMONIALS
Clear advice. Practical direction.
Perspectives shared with permission by clients of our advisory teams.
Astronis Global brought clarity and commercial focus to a complex restructuring exercise. Their advice was practical, timely and easy for our leadership team to act on.
The team understood our regulatory requirements quickly and helped us move forward with confidence. We valued their responsiveness and disciplined follow-through.
Astronis Global provided dependable support across multiple registrations and approvals. Their communication was clear, structured and consistently professional.
INSIGHTS & EVENTS
View all insights Latest Articles, Updates and Events
KNOWLEDGE CENTRE
Guides, checklists and templates
Explore resources to help organise your formation planning.
SHARE YOUR EXPERIENCE WITH ASTRONIS GLOBAL
Your experience matters
Write a review
Share your experience and help us serve you better.
Record a video testimonial
Share your video feedback about your journey with Astronis Global.
YOUR NEXT CHAPTER STARTS HERE
Ready to Start Your Partnership Firm?
Let our experts guide you through a seamless and compliant registration process.
Schedule a Consultation