Partnership Firm registration requires two or more persons for a common business under the agreement to manage, function and to share the profit and losses with a partners with their contribution or investment. If the number of owners are more than one then the Partnership firm registration is preferred. There is no fixed amount of share capital to start a firm, partners can fix an amount according to their business scale. partnerships should have a written partnership agreement needs to contains the company name, Registered office Address, Nature of business, profit and loss sharing ratio, etc.
An application should be submitted to the registrar for registering a partnership in the respective jurisdiction. The application and Partnership agreement has to be signed by all partners. The Registrar of the Firms will register the firm in Register and issue Certificate upon satisfaction of all the documents.