Register a partnership firm with a legally binding Partnership Deed
The questions founders ask most about partnership firm registration online, answered plainly. If something here doesn't cover your situation, our team will walk you through it before you commit.
No — registration is optional under the Indian Partnership Act 1932. However, an unregistered firm cannot sue third parties in court, and most banks insist on a registered firm for business accounts.
A minor cannot be a full partner (they cannot be held liable), but they can be admitted to the benefits of partnership — i.e., they share profits but not losses. On attaining majority, the minor must elect to become a partner or leave within 6 months.
Maximum 50 partners. For banking businesses the limit is 10 partners.
In a Partnership, partners have unlimited personal liability. In an LLP, liability is limited to the capital contributed. LLPs are registered under the MCA; Partnership Firms under the Registrar of Firms.
Yes. A registered partnership firm can be converted to an LLP by filing Form 17 with the MCA. Partners retain their original capital contributions and the firm's PAN is transferred.
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