Partnership Firm Registration

Partnership firm registration creates a deed-based business under the Indian Partnership Act, 1932 — the quickest and cheapest way for two or more people to start, at ₹2,999 on FilingBase plus stamp duty, in 3–5 working days. The deed governs profit sharing, capital, roles and exit; the firm then gets its PAN, GST and bank account.

Know the trade-off: partners carry unlimited, joint personal liability for the firm’s debts. Registration with the Registrar of Firms is optional but recommended — an unregistered firm cannot sue in court to enforce its contracts. If liability protection matters, compare an LLP before deciding; the cost gap is small and the protection gap is not.