Partnership Deed
- Fee
- ₹4,999
- Turnaround
- 2-3 days
What this is
A partnership deed for a new firm, or a fresh or supplementary deed for an existing one - capital, profit sharing, roles, remuneration and interest to partners, admission, retirement, death and dissolution - drafted to what the partners have agreed and to the Partnership Act. It is for two or more people going into business together. Our panel advocate drafts and reviews the deed and delivers it signed on letterhead; stamping and registration with the Registrar of Firms are separate steps we explain.
What you get
A partnership deed drafted, reviewed and signed by our panel advocate on letterhead, covering the firm name and business, place of business, partners and their capital, profit and loss sharing, partners' remuneration and interest on capital in the form the Income-tax Act recognises, duties and authority, banking and accounts, admission, retirement, expulsion, death and continuation, goodwill, non-compete, arbitration and dissolution. Delivered ready for execution, with a note on stamp duty and on registration with the Registrar of Firms, which is optional but affects the firm's right to sue. Stamp duty and registration fees are not included; the partnership-firm-registration service handles registration.
How it works
- Upload the papersID and PAN of all partners, business address proof, and the existing deed if you are amending one. We pre-fill the partners and the firm.
- Confirm the termsCapital, profit ratio, remuneration, roles, banking authority and exit terms.
- Answer the advocate's questionsWhether any partner is a minor, a company or a relative, whether property is being brought in, whether a partner is leaving or joining, and whether the firm will be registered.
- PayPay the fee.
- Advocate drafts and signsOur panel advocate drafts the deed and signs it on letterhead.
- Deed is deliveredYou receive the deed for execution, with the stamping and registration note.
What to have ready
- ID and PAN of every partyAadhaar and PAN of each person signing; incorporation documents if an entity.
- Business address proofElectricity bill, rent agreement or ownership proof of the place of business.
- Existing partnership deed and registration certificate (if you have it)If amending or dissolving.
- Retirement, admission or consent letters (if you have it)From partners joining or leaving.
- Valuation or details of property brought in as capital (if you have it)If any.
- Existing licences, GST or Udyam certificates in the firm's name (if you have it)If any.
What this is based on
- Partnership Act 1932 (1932)
- Indian Partnership Act, 1932 (1932)Source: https://www.indiacode.nic.in/handle/123456789/2419
- Registration Act 1908. (1908)
- state Stamp Act