A Partnership Firm is one of the simplest and most trusted forms of business structure in India — ideal for two or more entrepreneurs working toward a shared goal. The firm operates based on a Partnership Deed, which defines ownership, profit-sharing, roles, and responsibilities between partners.

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📋 Checklist for Registration of a Partnership Firm

✅ Drafting a Partnership Deed
Create a clear and detailed agreement outlining the roles, responsibilities, and profit-sharing ratios of all partners.

✅ Minimum of Two Partners
A partnership firm must have at least two partners to be legally formed.

✅ Maximum of Twenty Partners
As per the Partnership Act, 20 partners is the upper limit for any partnership firm.

✅ Choosing a Business Name
Select a unique and relevant company name that complies with legal naming guidelines and avoids trademark conflicts.

✅ Registered Office Address
Provide a valid official business address for registration and correspondence.

✅ PAN Card & Bank Details
Each partner must furnish their PAN card and bank account information for documentation and compliance.

✅ Initial Capital Contribution
Define the amount of capital each partner will contribute to initiate and operate the business.