Starting a Business with Partners?
Starting a business with one or more partners? A Partnership Firm is one of the most practical ways to start a business in India. Ideal for small and medium-sized businesses with shared responsibilities and minimal compliance.
💼 What We Offer – Partnership Firm Setup Package
- ✅ Customized Partnership Deed
- ✅ Stamp Paper & Notarization Assistance
- ✅ PAN Application for Firm
- ✅ GST & MSME Registration
- ✅ Bank Account Guidance
- ✅ Legal Consultation
- ✅ Ongoing WhatsApp Support
✅ What is a Partnership Firm?
- Minimum Partners: 2 (Max: 20)
- No separate legal entity
- Partnership Deed is required
- Basic tax compliance
- Registration optional but advised
🚀 Benefits of a Partnership Firm
- ✅ Easy & cost-effective formation
- ✅ Simple taxation
- ✅ Internal flexibility
- ✅ Shared responsibility
⚠️ Limitations You Should Know
- ❌ Unlimited personal liability
- ❌ No legal identity for the firm
- ❌ Limited scalability & funding access
- ❌ Legal limitations if not registered
💬 Who Should Choose Partnership?
✅ Founders starting a business together
✅ Agencies, local businesses, retailers
✅ Professionals teaming up
🔥 Why Choose Draft It Legal?
- 💡 Startup Specialists
- 📝 Tailored legal docs
- 📞 Real support on WhatsApp
- ⏱️ Fast processing (3–5 days)
- 🔄 Easy upgrades later
📚 FAQs About Partnership Firms
1. Is registration mandatory?
No, but it gives legal enforceability and better credibility.
2. Can we open a bank account without registration?
Yes, with deed and PAN.
3. Is GST mandatory?
Only if turnover crosses limit or for specific industries.
4. Can we get MSME benefits?
Yes. MSME registration is available for partnerships.
5. Can foreigners be partners?
No, for that you’ll need to register LLP or Pvt Ltd.
📲 Let’s Start Your Partnership – The Legal Way
We handle the paperwork. You focus on building your vision.
👉 WhatsApp Us Now👉 Book Free Consultation
👉 Start Partnership Firm Setup
One Comment
g1q08h