Partnership Firm
A traditional structure, set up on solid documentation.
We draft a clear partnership deed and complete the registration process, so responsibilities, profit-sharing and exit terms are settled upfront, not argued about later.
What is Partnership Firm?
A partnership firm is a business run by two or more people who agree to share profits according to a partnership deed, governed by the Indian Partnership Act, 1932. It's one of the simplest ways for multiple people to run a business together.
Registration is technically optional under the Act, but an unregistered firm loses several legal rights — including the ability to sue a third party or another partner to enforce the partnership deed — which makes registration worth doing properly.
Gurur Consultancy drafts a partnership deed that reflects how the partners actually intend to work together, and completes the registration with the Registrar of Firms.
Why this matters for your business
Who typically needs Partnership Firm?
Applicability varies by business — here’s who this usually applies to.
- Professional firms — such as consultancies, architects and small practices — with two or more partners
- Family-run businesses formalising how profits and responsibilities are shared
- Small businesses not yet ready for company or LLP-level compliance
Eligibility & requirements
- Requires a minimum of two partners, up to a maximum set by the Companies Act for unregistered partnerships
- Registration is optional but strongly advisable given the legal rights it preserves
Documents & information
Commonly required documents may include:
How we take this forward
- 01
Consultation
We understand how the partners intend to share profits, capital and responsibilities.
- 02
Deed Drafting
We draft a partnership deed reflecting the agreed terms — capital contribution, profit ratio, roles and exit conditions.
- 03
Deed Execution
The deed is executed by all partners, typically on appropriate stamp paper.
- 04
Firm Registration
The firm is registered with the Registrar of Firms in the relevant state.
- 05
PAN Allotment
PAN is obtained in the name of the firm for tax and banking purposes.
Our approach to Partnership Firm
End-to-End Support
One partner from idea to registration to tender win.
Practical Guidance
Plain-language advice from people who have filed thousands of cases.
Documentation Support
Right documents, right format, right the first time.
Compliance-Focused Approach
We don't just register — we keep you compliant.
Government Procurement Expertise
We know GeM, CPP and tender portals inside-out.
Long-Term Business Support
We grow with you — from proprietorship to private limited.
Frequently asked questions
You may also need
Need Help With Partnership Firm?
Tell us how you and your partners want to structure the business, and we'll draft the deed and complete the registration.