A partnership deed written for the disagreement you hope never happens
Profit sharing, remuneration, capital, admission and exit terms drafted properly, then registered with the Registrar of Firms.
Most partnership disputes are decided by what the deed says about three things: how profits are shared, how much remuneration a working partner may draw, and what happens when someone wants out. A template deed is silent on all three, and a deed that does not authorise remuneration also makes it non-deductible for the firm under Section 40(b). We draft the clauses around your actual arrangement, register the firm, and get PAN, TAN and GST in place.
Who this is for
Two or more people starting a business together who want a simpler structure than an LLP or company, with shared capital and defined profit-sharing ratios.
What's included
Deed drafting
Capital, profit sharing, remuneration, interest on capital, duties, admission and retirement clauses.
Stamping and execution
Deed executed on stamp paper of the correct state value and notarised.
Registrar of Firms
Registration filed with the state Registrar, which is what lets the firm sue on a contract.
PAN, TAN and GST
Firm PAN and TAN obtained, and GST registration filed where required.
How the process works
- 1
We discuss the arrangement — capital, roles, profit ratio, remuneration and exit terms.
- 2
The deed is drafted and shared for the partners to review clause by clause.
- 3
It is executed on stamp paper, notarised, and filed with the Registrar of Firms.
- 4
Firm PAN, TAN and GST are obtained, and the bank file handed over.
Benefits
- Partner remuneration and interest deductible for the firm within Section 40(b) limits.
- A registered firm can enforce its contracts in court, which an unregistered one largely cannot.
- Clear, written terms that prevent the most common partnership disputes.
Fees
Professional fee starts at
₹4,999
Deed drafting and firm PAN. Stamp duty and Registrar fees are at actuals. Compare all packages
Frequently asked questions
- Is registering a partnership firm compulsory?
- Not legally, but an unregistered firm cannot enforce its contracts through a court, which is a serious practical handicap. We recommend registering.
- How is a partnership firm taxed?
- At a flat 30% plus cess on firm income, after deducting permissible partner remuneration and interest on capital. The partners' share of profit is exempt in their own hands.
- Partnership firm or LLP?
- An LLP gives limited liability and a separate legal identity but has annual MCA filings. A partnership is cheaper and simpler with unlimited liability. We advise based on your risk and scale.
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