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Partnership Firm Registration in Haryana

Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership Firm Registration is relatively easy and is prevalent among small and medium-sized businesses. GetMYCA helps you through the entire registration process smoothly.

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Simple & Affordable Business Structure: Partnership Firm Registration in Haryana — Minimum compliance, no annual return filing, governed by Indian Partnership Act, 1932
Partnership Firm Registration in Haryana

Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership Firm Registration is relatively easy and is prevalent among small and medium-sized businesses in the unorganized sectors.

Partnership Firm Registration is done through GetMYCA. For Partnership Registration, you must agree on a firm name and then establish a partnership deed. It is a document stating the respective rights and obligations of the partners — to be valid it should be written and not oral.

Important Note
The terms of the Partnership Deed can be varied to suit the interests of the partners and can even be made contrary to the Indian Partnership Act, 1932. However, if the Partnership Deed is silent on any point, then the provisions of the Act would apply.
Choose Partnership Because
  • Partnership registration is very easy.
  • Partnership registration is inexpensive as compared to LLP.
  • It has minimum compliance requirement.
  • There are no annual return filing requirements for partnership firm.
  • Early decision making.
Partnership Deed Drafting

A partnership deed is an agreement between the partners of a firm containing terms and conditions of partnership to avoid unnecessary misunderstanding, harassment and unpleasantness among the partners in the event of any dispute. For mutual benefit, the registration of Deed of Partnership is made under the Indian Registration Act, 1908.

Contents of Partnership Deed
  • Objective of the firm
  • Duration of partnership
  • Profit / loss sharing ratio
  • Salary and commission (if any payable to partners)
  • Capital contribution by each partner and interest thereon
  • Partner's loan terms
  • Duties and obligations
  • Admission, death and retirement of partner
  • Policy regarding drawings from the firm and interest thereon
✍ Execution
Partnership agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.100/- or more. It is usually signed in the presence of all partners and each partner retains a signed original for his/her records. It must be stamped and signed by all the partners.
Partnership Firm Registration — Key Features
1
Easy to Start
A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential, though advisable for added legal benefits.
2
Business Name
Since the name of a Partnership firm is not registered, a Partnership firm can choose any name — as long as it does not infringe on a registered trademark. Trademark registration is advisable to protect the name.
3
Annual Filing NOT Required
A Partnership firm is not required to file its annual accounts with the Registrar each year, unlike a Limited Liability Partnership or Company — making it ideal for small businesses.
4
Bank Account
Bank account can be opened in the name of a Partnership firm. To open bank account, the partnership deed copy and KYC documents of the Partners must be submitted along with any other document required by the Bank.
Obtaining PAN & TAN

TAN or Tax Deduction and Collection Number (TAN) is a mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government.

PAN Required For
  • For getting Subsidy on Gas Cylinders / PNG
  • Payment of mutual funds exceeding ₹50,000
  • Sale / Purchase of Immovable Property valued more than ₹10 lakh
  • Sale / Purchase of all four-wheeler vehicles
  • Opening an account with a banking company
  • Payment of Life Insurance Premium exceeding ₹50,000 a year
TAN Registration

TAN is mandatory for all persons responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS). Application must be made for allotment of TAN — once allotted, the entity must quote the TAN in all TDS/TCS returns. If there are any errors, rectify them and re-submit.

Documents Required For Partnership Registration
Notarised Partnership Deed (stating)
  • The Firm-name
  • The nature of business of the firm
  • The place or principal place of business
  • Names of any other places where the firm carries on business
  • The date when each partner joined the firm
  • The names in full and permanent addresses of the partners
  • The duration of the firm
Other Documents
  • Statement in Form 1 with the prescribed fees
  • Proof of ownership or rent/lease — Electricity Bill / Water Bill / Rent Agreement of Business Place
  • Copy of PAN Card of partners
  • Copy of Aadhaar Card / Voter identity card
  • Statement must be signed by all partners and verified by affidavit in the prescribed manner
⚡ Register Your Partnership Firm Today!
Easiest & most affordable way to start a business with a partner — no annual filing, minimum compliance.
GetMyCA handles your entire Partnership Firm Registration end-to-end.
✓ Start Partnership Registration FREE 📞 Call Expert Now
Frequently Asked Questions
Is it compulsory to register a Partnership Firm?+
No, it is not compulsory to register a Partnership firm. However, it is advisable to register due to the added legal advantages. There are two types — registered and un-registered Partnership firms. GetMyCA can help start either type in India.
What is a Partnership Deed and why is it important?+
A Partnership Deed is an agreement between the partners containing terms and conditions of partnership — profit sharing ratio, salary, duties, capital contribution, etc. It must be written (not oral), stamped, and signed by all partners. It is printed on Non-Judicial Stamp Paper worth Rs.100/- or more.
Is annual return filing required for a Partnership Firm?+
No. A Partnership firm is NOT required to file its annual accounts with the Registrar each year. This is a major advantage over LLP and Private Limited Companies, which must file annual returns with the Registrar of Companies.
What is the difference between Partnership Firm and LLP?+
Partnership Firm is simpler and cheaper to register compared to LLP. There are no annual filing requirements for Partnership Firm. However, LLP provides limited liability protection (personal assets are protected) and has a separate legal entity. Partners in a Partnership Firm have unlimited personal liability for business debts.