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A partnership is when two or more people come together to run a business and share the profits. It is a simple way to start when you have a partner or two and want to keep things flexible. A written partnership deed sets out who does what and who gets what share — so everyone is clear from day one and there are no fights later.
A partnership firm is a business owned by two or more partners who agree to share profits and responsibilities. The rules between partners are written in a document called a partnership deed. Registering the firm is optional but strongly recommended, because a registered firm has stronger legal rights — for example, it can sue others to recover money.
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We understand your business and the role of each partner
We draft a clear partnership deed covering profit share, duties and rules
All partners sign the deed
We register the firm with the Registrar of Firms (recommended)
We help you get PAN and other registrations for the firm
You receive your firm documents, usually within 7 to 12 working days
No, it is optional — but a registered firm has much stronger legal rights, like the ability to recover money through court. We always recommend registering.
It is a written agreement between partners that says who owns what share, who does what, and how profits and losses are split. We draft it carefully to avoid future disputes.
In a normal partnership, partners are personally responsible for the firm's debts. An LLP protects partners' personal money. If you want that protection, choose an LLP.
A partnership can have between 2 and 20 partners.
Yes, partners can update the deed by mutual agreement. We help you make changes properly.