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Partnership firm registration in Chennai

Apply partnership registration in Chennai in a day, and get a partnership firm registration certificate in a Week.

Partnership registration Package

  1. Partnership deed drafting.
  2. Stamp papers for Rs.1000 for partner ship firm.
  3. PAN card for the firm.
  4. Partnership registration certificate from the Government of Tamil Nadu.
  5. Partnership registration fees for Government.
  6. Notary Charges.

All-inclusive complete package.

Documents required for partnership registration

  1. Pan card of all partners
  2. Aadhaar card of all partners
  3. Filled up partnership firm registration application or you can provide details given below
  4. Name and address of Business
  5. Profit sharing ratio of all the partners.
  6. Nature of business
  7. Mobile no and e-mail ID of partnership firm
  8. Mobile no and e-mail ID of all partners.
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    How to register a partnership firm?

    For partnership firm registration in Tamil Nadu, a minimum of 2 partners is required.

    Details regarding the name of the business, address of the business, nature of the business, profit sharing ratio, rules regarding retirement and admission of a new partner, bank account operation, etc, will be included in the partnership deed.

    Once the deed is signed, the partnership registration certificate is applied to the registrar of firms.

    Pricing:
    ₹8000


    Partnership firm registration process

    Partnership registration consulting

    On receiving the client's request for online partnership registration to register a partnership firm, we will validate the suitability for the new business, and partnership registration application form will be sent.
    1

    Prepare Partnership deed

    Preparation of partnership deed will be carried out at this stage complying with Indian Partnership Act 1932, with income tax rules required to be added in the partnership deed.
    2

    Partnership deed approval

    A drafted partnership deed will be sent for client approval, after clients inputs partnership deed corrections will be carried on. A printed partnership deed will be sent for signing along with FORM I firm registration application and pan card application for partnership firm.
    3

    partnership firm PAN application

    Pan card application in form 49A will be filed with the income tax department and a pan card will be allotted in 5-7 working days. E- Pan will be sent to provided e-mail ID by the income tax department along with a physical pan card by post or courier within 5-15 working days after the application of the pan card
    4

    Partnership firm registration process

    Online Partnership deed registration application will be filed with the registrar of firms after making partnership registration fees, once approved FORM C partnership firm registration certificate download facility will be available in partnership firm registration online login.
    5

    Partnership firm GST and Income tax consulting

    Information about the due date for filing partnership income tax returns, GST registration for partnership firm, TDS returns, partnership firm renewal, and partnership deed amendment process will be provided to the client.
    6

    Important compliance after partnership company registration

    • A partnership firm is a separate person, income tax return filing for a partnership firm is mandatory even if there are no business activities or financial transactions.
    • Annual returns for partnership firms should be filed for each financial year from the date of formation of the partnership firm, in case of late registration of the partnership firm all pending annual returns are required to be filed with a penalty of Rs.25 / Quarter for each financial year separately.
    • There should be a minimum of two partners in the firm at any time, and maintain a minimum of two partners at all times. Where there is a resignation of a partner, it is recommended to add a new partner first and then remove the existing partner.
    • TDS compliance is mandatory, deduct and pay TDS on time, and file TDS returns before due dates.
    • If there is any change required in the name of the partnership firm, nature of business, change in profit sharing ratio, change of address of partnership firm, adding a new partner or removing existing partner should be completed by preparation of partnership amendment deed, and partnership amendment registration should be filed.
    • All active partners have equal rights in the business and administration of the partnership firm unless specifically modified.
    • The income tax rate for partnership firms is flat at 30 percent plus applicable educational cess and surcharge, so tax planning is mandatory to save income tax for partnership.

    Important registrations that are required for a partnership company

    • TAN number

      TDS deduction is mandatory for partnership firms, apply TAN number for partnership firm after forming a partnership firm along with PAN.

    • MSME registration

      MSME registration for a partnership firm is required if the firm applies for a business loan and a current account. It is mandatory for business units located in industrial estates, designated industrial areas, special economic zones, etc. Various capital subsidies and other subsidies based on the entrepreneur profile can be applied only when the business is registered with Udyam MSME.

    • GST registration

      Partnership firm GST registration is required, for interstate sales, Imports and exports, and other specified businesses from the initial stages. Where a partnership business is started for a franchisee there is no threshold limit applicable for GST registration turnover crosses the threshold limit, or the firm sells goods to other states or carries import-export operations.

    • Import-export code registration

      Partnership IE code registration is mandatory when the firm is engaged in the import and export of goods, import of machinery from foreign countries, providing services to international clients, etc.

    • FSSAI – Food safety license registration

      FSSAI registration is mandatory for all food business operators from the beginning.

    • Trade license and professional tax

      Trade license and professional tax registration are required to be applied with the local corporation based on the nature of the business and the number of employees respectively.


    From Auditor DESK

    Partnership deed registration certificate is mandatory for practical purpose, apply partnership registration certificate at the time of formation of partnership firm.

    Partnership registration FAQs

    Frequently asked questions on Registration of Partnership firm

    A Partnership firm only with a registered partnership deed is eligible to enforce legal rights, procedure of registration of partnership in Tamil Nadu can be completed in just a week, without the requirement of the partners to visit the registration department.

    If the duration of the partnership business is not fixed then the partnership business is called as a partnership at will.

    A Partnership firm is a separate person therefore all the transactions relating to business operations and business assets should be in the name of the partnership firm.

    Yes only with the consent of all partners.

    Yes, it is allowed unless specifically not allowed by by laws of the partnership firm.

    Yes, when required by government departments, tax authorities, banks, vendors, customers, etc.

    No, partners cannot claim a loss for loss of the firm from one partner if he acted in good faith and in normal circumstances, the question of recovering loss from one partner arises only when he indulges in fraudulent or unauthorized activities.

    No, Only Indian citizens can become partners in a partnership firm.

    A Minor cannot be a partner in the firm but he can be admitted to share only the benefits of the firm, he or she does not have any rights to take part in business.

    Registration of partnership firm is not mandatory, effects of non registration of partnership firm is the firm will not be able to file legal suit against the third party, only registered a registered partnership firm is eligible to file a case in courts of law against the third party.

    On attaining majority he or she will become a partner, if not admitted as a regular partner within 6 months then the person will be deemed to be a regular partner as per the Partnership act 1932. When the fact of attaining majority is not known to the said person then the time limit is extended to such date when he knows that the person had attained majority. 

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