Partnership Firm

Experience a seamless, hassle-free & timely registration with our expert consultants.

✔Our in-house team handles over 50 types of business licenses.
✔We provide end-to-end services across India.
✔Ensuring smooth and continuous adherence to all legal requirements.

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Benefits of a Partnership Firm

Easy to Start: Partnership firms are simple to form with minimal documentation and legal formalities.
Low Compliance: Compared to companies, partnership firms have fewer compliance obligations.
Shared Responsibilities: Business management and decision-making are shared, reducing the burden on a single individual.
Better Control & Flexibility: Partners can define operational and profit-sharing terms via a customizable partnership deed.
Cost-Effective: Very low setup and administrative costs.

Eligibility Criteria

Minimum 2 partners are required to form a partnership firm.
All partners must be competent to contract (i.e., over 18 years, of sound mind, and not disqualified).
Foreign nationals are not allowed to form a traditional Indian partnership firm (they may opt for LLP instead).
A Partnership Deed must be drafted and signed by all partners.

Registration Process

Choose a Firm Name: Select a unique name for your firm.
Draft Partnership Deed: Prepare and notarize a partnership agreement mentioning roles, profit-sharing ratio, and rules.
Apply for PAN: Obtain a PAN card for the partnership firm.
Registration with Registrar (Optional but Recommended): Apply for registration under the Indian Partnership Act, 1932.
Open Bank Account: Open a current account in the firm's name to commence business transactions.

Compliance Requirements

PAN Filing: File income tax return annually using Form ITR-5.
GST Registration & Returns: If turnover exceeds threshold, GST registration and periodic returns are required.
TDS Compliance: Deduct and deposit TDS wherever applicable.
No Annual ROC Filing: Unlike LLPs and companies, there's no obligation to file annual returns with the Ministry of Corporate Affairs.

Client Testimonials

“Words from happy clients who chose us with confidence”

Google Customer Rating

4.8 ★★★★★

Justdial Customer Rating

4.8 ★★★★★

Rajesh Sharma

★★★★★

Founder, RS Enterprises

“Bizotic Supervision Private Limited made our GST registration process incredibly smooth. Their team handled everything from documentation to filing, saving us weeks of effort. Highly recommended for any startup!”

Priya Mehta

★★★★★

Director, Mehta Foods Pvt. Ltd.

“We needed FSSAI licensing urgently and Bizotic Supervision Private Limited delivered within the promised timeline. Their expertise in food business compliance is exceptional. Our go-to partner for all registrations.”

Amit Gupta

★★★★★

CEO, Gupta Trading Co.

“From company incorporation to annual ITR filing, Bizotic Supervision Private Limited has been our trusted partner for 3 years. Their pricing is transparent and service quality is consistently excellent.”