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🚀 Get Your Partnership Register
Two or More Partners: Minimum 2 persons required to form a valid partnership under the Indian Partnership Act, 1932.
Partnership Deed: A written agreement defining the roles, profit-sharing ratio, and obligations of each partner.
Mutual Agency: Every partner is both a principal and agent of the firm, and can bind the firm with their actions.
Sharing of Profits & Losses: Partners share profits and losses as agreed — equally if no ratio is specified.
No Perpetual Succession: The firm may dissolve upon the death, insolvency, or retirement of a partner unless the deed provides otherwise.
Unlimited Liability: Each partner is personally liable for the firm's debts — there is no liability cap as in a Pvt Ltd.
Fastest and most affordable business structure to register in India.
No minimum capital requirement — start with any amount.
Fewer compliance obligations compared to Pvt Ltd or LLP.
Flexible management — partners manage by mutual consent.
Ideal for small businesses, trading firms, family businesses.
In India, registering a proprietorship firm is simple and does not require formal incorporation under company law. For doing business, the proprietor must obtain key registrations like PAN, GST (if turnover exceeds ₹40 lakh for goods or ₹20 lakh for services), Shop & Establishment registration, and Udyam registration for MSME benefits.
Single ownership: Owned and managed by one individual.
No separate legal identity: The business and proprietor are legally the same.
Unlimited liability: Personal assets may be used to repay business debts.
Complete control: The proprietor makes all decisions independently.
Easy setup and closure: Minimal legal formalities compared to other structures.
Complete registration with expert CA support
