Family-run businesses
May suit closely managed family enterprises where roles, contribution and profit sharing can be clearly agreed.
Business Registration
Start your Partnership Firm with roles clearly agreed.
Organise partner details, contribution terms and the Partnership Deed so the business begins with fewer avoidable misunderstandings.
Who It May Suit
Consider a partnership when the business will be closely managed by trusted partners.
The appropriate structure depends on the relationship between partners, business risk, funding plans, compliance capacity and expected scale.
Good to knowBusinesses requiring liability separation
An LLP or company structure may be more appropriate where limited liability and clearer separation from the individual owners are important.
Small trading businesses
Suitable for partner-managed trading and distribution activities with a limited ownership group.
Professional practices
May support eligible professionals and service providers working together under an agreed commercial arrangement.
Registration Process
Agree the roles.Prepare the deed.Register the partnership.
Partner and business review
Understand the proposed partners, activity, contribution, responsibilities, business location and long-term direction.
Commercial terms planning
Discuss profit sharing, management authority, drawings, remuneration, banking and exit arrangements.
Partnership deed preparation
Prepare the deed according to the agreed commercial terms and applicable legal requirements.
Deed execution
Complete signing, stamping, witnessing, notarisation or other formalities applicable to the deed.
Records and next-step handover
Organise the completed records and explain banking, invoicing, taxation and continuing operational responsibilities.
Documents RequiredPrepare partner, deed, address and business information.
The exact document set may vary according to the state, registration authority, nature of business and related tax or licence applications.
Partner documents
- Identity proof
- Address proof
- PAN or applicable tax identification
- Recent photograph where required
- Email address and mobile number
- Additional declarations where applicable
Business address documents
- Address proof for the principal place of business
- Recent utility bill where applicable
- Rent agreement or ownership record where applicable
- Owner consent or no-objection document where required
Partnership information
- Proposed firm name
- Nature of business
- Partner contribution details
- Profit and loss sharing ratio
- Partner roles and authority
- Proposed commencement information
Partnership deed information
- Rights and responsibilities of partners
- Banking and signing authority
- Drawings, remuneration and interest terms
- Admission, retirement and exit provisions
- Dispute resolution and dissolution terms
WHAT TO EXPECT
A clear exchange from your information to the final outcome.
You provide
Partner documents
Business address documents
Partnership information
We handle
Partner and business review
Commercial terms planning
Partnership deed preparation
You receive
Partnership deed
Firm registration record
Application records
Frequently Asked Questions
Important questions before forming a partnership firm.
A partnership firm is a business arrangement in which two or more people agree to carry on a business and share its profits according to agreed terms.
The deed records contribution, profit sharing, authority, responsibilities, drawings, admission, retirement, dispute and dissolution arrangements between partners.
The legal position and practical consequences should be reviewed according to the applicable law and state procedure. Registration is generally advisable because an unregistered firm may face legal and operational limitations.
Build It Right
Turn the partnership understanding into a structure everyone can rely on.
Share the proposed partners, contribution, business activity, profit-sharing plan and operating responsibilities. We will help structure the deed and identify the registrations relevant to the firm.