Start a classic partnership with a clear deed, flexible profit-sharing, and simple compliance. We help draft your Partnership Deed, get PAN, open the current account, and register under local laws as applicable.
Two or more persons carry on a business and share profits as per a written Partnership Deed. It is easy to start and operate, with flexibility in duties and profit split.
Bring co-founders together with clear roles.
Profit sharing, capital, and duties are fully customizable.
Partners are personally liable—use risk controls.
Great for small teams seeking speed with shared ownership—without corporate formalities.
Exact needs vary by state, activity and bank’s KYC policy.
Your rulebook for decision-making, profits, and exits.
Indicative sequence; stamping & registrations are state-specific.
| Day | Step | What happens | Status |
|---|---|---|---|
| 0–2 | KYC & Name | Collect partner KYC; finalize firm name & nature of business. | Start |
| 1–4 | Draft & Stamp Deed | Draft deed; stamp as per state; execute by partners. | Draft |
| 2–6 | Registration (State/ROF) | Optional/Recommended: Register firm (if available in your state). | Varies |
| 3–7 | PAN & Bank A/c | Apply PAN; open current account with deed and KYC. | Approved |
| As needed | Other Registrations | GST, Shops & Establishment, Professional Tax, trade licences. | Apply |
Simple bookkeeping and returns; more if you opt into GST/TDS.
File firm ITR; partners taxed on share/interest/remuneration as per law.
Maintain books; audit thresholds may apply based on turnover.
Register & file returns if applicable to your supplies and limits.
Clear answers to help you decide confidently.
We’ll reply with a deed template outline, stamping guidance & registration checklist.
We respect your privacy and will contact you only for this request.