Service Overview
A Partnership Firm is a traditional business structure in India where two or more individuals manage and operate a business in accordance with the terms of a Partnership Deed. Governed by the Indian Partnership Act, 1932, a partnership is straightforward to set up, highly flexible, and has lower initial regulatory overhead. At ABICO, we help partners draft detailed Partnership Deeds that clearly define profit-sharing ratios, capital contributions, roles, and dispute resolution mechanisms. We also manage the registration of the firm with the state's Registrar of Firms.
Key Benefits & Advantages
Our Execution Process
Draft Partnership Deed
Draft a clear deed detailing the partners' terms, capital, shares, and operational rules.
Notarize Deed
Have the partnership deed printed on non-judicial stamp paper and notarized.
Register with Registrar of Firms
Submit the registration application to the Registrar of Firms in your state (highly recommended for legal rights).
Apply for PAN & TAN
Acquire a dedicated PAN and TAN for the partnership firm to open bank accounts.