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Company PAN and TAN
Company Name Approval
MOA & AOA
Incorporation Certificate
DSC Tokens
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Digital Signature Certificate
Director’s Identification Number (DIN)
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First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process
Nayan Mishra
Zillout Social
Just got my company incorporated through Razorpay Rize and had a really good experience. All my queries were handled proactively and would recommend going with Razorpay Rize if you're looking to get incorporated.
Anup Totla
DashHunt Education
Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.
Shalinee Gupta
Kahanii Collective
Everything was so so soo smooth and quick. the team you partnered with was very helpful and it was something we did not expect at such low cost. I have referred razorpay to one of my friend and he will also be signing up soon. thanks to the whole team.
Archit Vats
Muzzari Global
Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.
Mayank Sharma
Rapparel Solutions
Big news!! Zoync Technologies has now officially Incorporated as a private limited company under the companies Act 2013. We extend our heartfelt thanks to Razorpay Rize for their invaluable assistance in ensuring a smooth registration process. Their support has been instrumental in achieving this milestone!
Akshay Sharma
Zoync Technologies
Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation
Krishna
Tarunilakshmi Ventures
First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process
Nayan Mishra
Zillout Social
Just got my company incorporated through Razorpay Rize and had a really good experience. All my queries were handled proactively and would recommend going with Razorpay Rize if you're looking to get incorporated.
Anup Totla
DashHunt Education
Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.
Shalinee Gupta
Kahanii Collective
Everything was so so soo smooth and quick. the team you partnered with was very helpful and it was something we did not expect at such low cost. I have referred razorpay to one of my friend and he will also be signing up soon. thanks to the whole team.
Archit Vats
Muzzari Global
Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.
Mayank Sharma
Rapparel Solutions
Big news!! Zoync Technologies has now officially Incorporated as a private limited company under the companies Act 2013. We extend our heartfelt thanks to Razorpay Rize for their invaluable assistance in ensuring a smooth registration process. Their support has been instrumental in achieving this milestone!
Akshay Sharma
Zoync Technologies
Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation
Krishna
Tarunilakshmi Ventures
First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process
Nayan Mishra
Zillout Social
Just got my company incorporated through Razorpay Rize and had a really good experience. All my queries were handled proactively and would recommend going with Razorpay Rize if you're looking to get incorporated.
Anup Totla
DashHunt Education
Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.
Shalinee Gupta
Kahanii Collective
Everything was so so soo smooth and quick. the team you partnered with was very helpful and it was something we did not expect at such low cost. I have referred razorpay to one of my friend and he will also be signing up soon. thanks to the whole team.
Archit Vats
Muzzari Global
Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.
Mayank Sharma
Rapparel Solutions
Big news!! Zoync Technologies has now officially Incorporated as a private limited company under the companies Act 2013. We extend our heartfelt thanks to Razorpay Rize for their invaluable assistance in ensuring a smooth registration process. Their support has been instrumental in achieving this milestone!
Akshay Sharma
Zoync Technologies
Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation
Krishna
Tarunilakshmi Ventures

Partnership Firm Registration in India

A partnership is a type of business structure in which two or more individuals or entities collaborate in terms of resources, skills, and capital to operate a business together. Indian Partnership Act 1932 is the governing law that regulates partnership firms in India.It is a popular choice for small businesses, professional practices (e.g., law firms, medical practices), and service-based businesses due to its flexibility and relatively simple formation process.

Documents Required to Register a Partnership Firm

  • Identity Proof and Address Proof of Partners
    a. Passport/ Aadhar card/ Voter ID/ Driver's License of Partners,
    b. PAN card, and
    c. Utility bills or Bank Statements as address proof.
  • Proof of Registered Office
    a. Ownership of Property - You can provide proof of ownership, such as an electricity bill or corporation tax receipt dated no more than 30 days old.
    b. Right to Use the Property - You can demonstrate your right to use the property by presenting a rental agreement or a No Objection Certificate (NOC) from the property owner.
  • Partnership Deed
    A partnership deed is a crucial agreement that outlines the rights, responsibilities, profit-sharing, and other obligations of the partners. While it can be recorded verbally, it is highly advisable to formalize a written partnership deed with the Registrar of Firms.
  • Affidavit ensuring all the documents are accurate and true.

Partnership Firm Registration Process

A partnership isn't considered a separate legal entity and may not require formal registration. You can still register your business by taking the following steps-

  • Choose the name of the business.
  • Apply to the “Registrar of Firms” through Form A.
  • Fill out the Form and attach the required documents, including identity and address proof, specimen of Affidavit, etc.
  • Attach the duly signed copy of the Partnership Deed.
  • Pay the Fees and submit the form.
  • Once approved, your firm will be officially in the records of the Registrar of Firms, and a Registration Certificate will be issued.
  • Open a bank account in the name of your business to manage all the transactions.
  • Obtain PAN and TAN from the Income Tax Authority.

Compliances for a Partnership Firm Registration

For Partners

A partnership typically requires a minimum of two partners to be formed. The suggested number of partners can not be more than 50 for any Partnership firm.

For Partnership Firm

  • File the Income Tax Return through ITR-5, irrespective of revenue or loss.
  • File the quarterly TDS returns, if applicable.
  • In case of a GST registration, file GST returns every month and quarter as per the scheme under which you have registered the business.
  • Obtain a Tax Audit if the annual turnover exceeds Rs. 1 Crore.

Minimum Capital Requirement

A partnership firm has no minimum capital requirement mandated by law. The capital invested in a partnership is typically determined by mutual agreement among the partners and is specified in the Partnership Deed.

Tax Rates

For the Assessment Year 2023-24, a Partnership Firm is taxable at 30%.
A surcharge of 12% is levied on the amount of income tax if the total income exceeds the specified limit exceeds ₹ 1 Crore. Health & Education cess at 4% on the amount of income tax plus Surcharge (if any).

Advantages and Disadvantages of Partnership Registration

Advantages

  • Easy Registration process
    Partnership incorporation involves simple steps and documentation, such as a legally appropriate Partnership deed (a Partnership Agreement if not registered) to lay down all the rules and formalities of such partnership. You don’t require an overwhelming number of documents. The registration process with the Registrar of Firms is easy and not mandatory.
  • Less compliance
    Compared to a Private Limited Company or an LLP, a partnership firm is subject to far fewer regulations. The dissolution process is much easier without any legal formalities.
  • Cost-efficiency
    The registration process is cheaper than other forms of incorporation; hence, it is cost-effective.
  • Sharing of ownership
    The partnership ensures equal ownership of responsibilities and losses. The joint liabilities help the business flourish better.

Disadvantages

  • Unlimited Liabilities
    A partnership, like a sole proprietorship, includes partners having unlimited liabilities. If you, as a partner, created some liability, it is to be borne by all the firm partners from their personal property.
  • Raising funds
    Since the partnership firm is not a separate legal entity, it is not easy to raise capital. The choices for generating finance and expanding its operations are limited.

Registration Certificate for a Partnership Firm

Following the approval of Form A and Partnership Deed by the Registrar of Firms, you will get a Certificate of Registration. This Registration Certificate includes details like the Firm’s name, Registration Number, Date of Registration, the State where the Firm is registered, etc.

Partnership Firm Registration Time

It takes approximately 10-15 days to register a Partnership Firm with the Registrar of Firms. However, the duration may vary depending on various factors, such as the specific jurisdiction and documents required.

Things that Delay a Registration Process

There can be delays due to:

  • Documents that are either incomplete or contain errors.
  • Discrepancies found within the Partnership Deed.
  • The need for extra regulatory clearances or permits.
  • Delays during the verification procedure.
  • Delays in the processing of payments.

Partnership Firm Registration Fees

The Partnership registration fees can vary significantly from one state to another, primarily due to differences in compliance requirements and stamp duty rates set by individual state governments.
The registration fees for a Partnership Firm can range anywhere from Rs. 500- 3000. 
*The stamp duty is determined based on the capital contributed by the partners and the specific regulations established by each state governing stamp duty.

Checklist for Registration

Select a name for your business.
Draft a Partnership Deed.
Apply for Registration with the Registrar of Firms (RoF).
Obtain the Certificate of Registration/ Recognition.
Acquire PAN and TAN for the Firm.
Set up a Current Account.
Keep yourself updated with the compliances.

FAQs

Do I have to register my partnership firm?

A Partnership Registration is not mandatory in most jurisdictions but is recommended to establish legal clarity and rights among designated partners.

How do I choose a unique name for my Partnership Firm?

Select an original and appropriate name for your partnership that adheres to local naming guidelines to avoid potential legal issues down the road. Our "Company Name Search" feature ensures your business name is one-of-a-kind by checking across multiple databases.

Searching for a company name?

Check company name availability using our powerful name search tool.

What is the validity of the certificate of registration for my partnership firm?

The validity of a certificate of registration for your partnership firm is dependent on the duration specified in the partnership deed. If you have not mentioned any specific duration, the certificate remains valid until either the partners or the Registrar of Firms cancels it.

How can I check if my firm has been officially registered?

You can verify the registration status from the records of the Registrar of Firms.

  • Visit the official website of the Registrar of Firms.
  • Click on the “Firm Search” option.
  • Submit details like Firm name, registration number, date, nature of business, etc.
  • If successfully registered, the firm status will be displayed on the screen.

When should I register as a Limited Liability Partnership (LLP) instead of a partnership?

There are several reasons as to why you should prefer LLP over Partnership-

  • LLP offers its partners limited liability and personal asset protection.
  • An LLP is a separate legal entity distinct from its partners.
  • If you plan to attract investors or venture capitalists, an LLP structure might be more appealing than a traditional partnership.
  • LLPs often have more flexibility in how they are taxed compared to traditional partnerships, allowing partners to choose between being taxed as individuals or a corporate entity.
  • LLP offers the added advantage of perpetual succession.
  • If your business provides professional services like legal, accounting, consultancy, or healthcare services, it is advisable to register as an LLP since it complies with most professional regulations.

Can I convert my partnership firm to a LLP?

Yes, you can easily convert your partnership firm to LLP by following the below steps:

  • Obtain written consent from all the Partners.
  • Apply for the Name Reservation of your firm through the form RUN-LLP.
  • Obtain Digital Signature Certificates (DSCs) for all the designated partners.
  • File Form 17 for conversion of the firm into LLP with the required supporting documents.
  • Apply for Incorporation of LLP through the form FiLLiP.
  • Once approved, you will receive a Certificate of Incorporation from the Registrar of Companies.
  • Draft an LLP Agreement and intimate the RoC.

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Smooth onboarding, seamless incorporation and a wonderful community. Thanks to the #razorpayrize team! #rizeincorporation
Dhaval Trivedi
Basanth Verma
shopeg.in
Exciting news! Incorporation of our company, FoxSell, with Razorpay Rize was extremely smooth and straightforward. We highly recommend them. Thank you Razorpay Rize for making it easy to set up our business in India.
@foxsellapp
#razorpayrize #rizeincorporation
Dhaval Trivedi
Prakhar Shrivastava
foxsell.app
We would recommend Razorpay Rize incorporation services to any founder without a second doubt. The process was beyond efficient and show's razorpay founder's commitment and vision to truly help entrepreneur's and early stage startups to get them incorporated with ease. If you wanna get incorporated, pick them. Thanks for the help Razorpay.

#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
TBS Magazine
Hey, Guys!
We just got incorporated yesterday.
Thanks to Rize team for all the Support.
It was a wonderful experience.
CHEERS 🥂
#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
Nayan Mishra
https://zillout.com/
Smooth onboarding, seamless incorporation and a wonderful community. Thanks to the #razorpayrize team! #rizeincorporation
Dhaval Trivedi
Basanth Verma
shopeg.in
Exciting news! Incorporation of our company, FoxSell, with Razorpay Rize was extremely smooth and straightforward. We highly recommend them. Thank you Razorpay Rize for making it easy to set up our business in India.
@foxsellapp
#razorpayrize #rizeincorporation
Dhaval Trivedi
Prakhar Shrivastava
foxsell.app
We would recommend Razorpay Rize incorporation services to any founder without a second doubt. The process was beyond efficient and show's razorpay founder's commitment and vision to truly help entrepreneur's and early stage startups to get them incorporated with ease. If you wanna get incorporated, pick them. Thanks for the help Razorpay.

#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
TBS Magazine
Hey, Guys!
We just got incorporated yesterday.
Thanks to Rize team for all the Support.
It was a wonderful experience.
CHEERS 🥂
#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
Nayan Mishra
https://zillout.com/