We offer a spectrum of services to domestic and foreign companies which includes Company Registration & their Annual Compliances, Secretarial & Legal assistance, MIS & Data Analytics, Business Intelligence & Interactive dashboarding, Accounting & Bookkeeping and Business Process Outsourcing. We are a team of professionals with competitive pricing. You may register your query through ‘Chat with us’ at the bottom of this page or send us an e-mail on [email protected] or find our details on ‘Contact us’ page. Our Specialist Advisor will get back to you in 2-3 working days.


    artnership firm is an association of two or more persons who are joint owners of business and governed by Indian Partnership Act 1932. It is the easiest and simplest form of business structure which has minimal compliance requirements. There are two types of Partnership firms, registered and un-registered Partnership firm. It is not mandatory to register a partnership firm, however, it is advisable to get one done due to the benefits. You may get the registration of partnership firm done anytime after formation. The partnership firms are losing their sheen in India due to introduction of Limited Liability Partnerships (LLP) and the benefits offered by latter.

    The costs to set up a partnership firm is minimal. There are no filings that need to be done with ROC

    Partnership requires minimal compliances as compared to companies or LLP. There are many compliances that do not apply to this structure such as board meetings, audit requirements, statutory meetings, etc. In addition, the services offered by professionals are economical for Partnership firms as compared to a Private Company/LLP.

    Due to fewer formalities and paperwork, a partnership firm is quick to set-up as you would just need an agreement to start the proceedings.

    A partnership firm is not required to get a statutory audit done.


    Please fill basic details in form & share required documents


    Let us Do it for you. Do Nothing & collaborate with us


    We complete the process & incorporation certificate is given

    This is what we do when YOU SIT BACK & RELAX

    • Review the documents and information provided
    • Apply for Digital Signature Certificate (DSC)
    • Check availability of company name with MCA
    • Draft Memorandum of Association (MOA)
    • Draft Articles of Association (AOA)
    • Draft all other incorporation documents
    • Reserve name with MCA
    • Apply for Directors Identification Number (DIN)
    • Apply for company incorporation with MCA
    • Apply for PAN and TAN of company
    registered partnership

    In case of registered partnership firms, a Partnership Firm registration application in Form 1 has to be submitted with Registrar of Firms

    Latest Passport size photograph of Partners

    • Aadhar card and Voter ID/ Passport/ Driving License of Partners
    • PAN Card of Partners
    • Foreign nationals must provide a valid passport

    Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors

    The above documents should not be more than 2 months old

    • Latest Electricity Bill/ Telephone Bill of the registered office address
    • No Objection Certificate to be obtained from the owner(s) of registered office
    • Rent Agreement of the registered office should be provided if any

    All other incorporation documents to be provided in soft copy


    Maintaining books of accounts as per Indian GAAP

    Partnership firms involved in carrying on a specified profession would be required to maintain book of accounts as per Income Tax Act, if gross receipts is more than Rs.1.5 lakhs in all three previous years. In case a partnership firm is receiving income profession (other than specified profession), book of accounts must be mandatorily maintained if income exceeds Rs.2.5 lakhs in any one of the three years previous year. In case a partnership is involved in business, then maintenance of books of account is mandatory if total sales turnover or gross receipts exceed Rs.25 lakhs in any one of the three preceding years

    Partnership Agreement

    Registration of partnership deed is optional and the deed can be registered at any time through an application with the Registrar of Firms that has jurisdiction where the firm is situated or proposed to be situated

    Registered Office

    A Partnership firm must have its registered office within 30 days from the date of incorporation and all the times thereafter


    Letterheads should have few mandatory fields as name, address, Phone No, Fax, etc

    Bank Account

    Bank account of the firm has to be opened on incorporation


    These forms have to be submitted

    Partnership Firm Registration Form I
    Change in Partnership Firm in terms of name/ principal place of business/ nature of the business Form II (within 90 days)
    For Branch Opening and Closing Form III (within 90 days)
    Change in the Details of Partners Form IV (Within 90 days)
    Change in Constitution or Dissolution Form V (Within 90 days)
    In case minor becomes major and wants to become a partner Form VI (Within 90days)


    Applying TAN of the firm on signing deed


    Applying PAN of the firm on signing deed

    TDS return

    A TDS Return is submitted on a quarterly basis to Income Tax Department. It is a summary of all the transactions related to TDS made during a quarter

    Income tax return

    Partnership firms are required to file their income tax return using Form ITR 5

    GST Registration

    Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST

    GST returns

    GST returns have to filed on monthly, quarterly and annual basis

    Tax audit

    Every firm whose turnover exceeds INR 2 Cr. in case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44AB of the Income-tax Act

    Transfer pricing rules and certificaion would be required

    Any individual/company/LLP which has undertaken an international transaction with an associated enterprise is required to maintain documentation as per the rules. Also, any individual/company/LLP which has entered into an international transaction during a previous year is required to obtain an Accountant’s Report and furnish report before 30th November of the financial year

    All inclusive
    Partnership Deed drafting
    Permanent Account Number
    Most Preferred
    All inclusive
    Partnership Deed drafting
    Permanent Account Number
    Partnership Deed Registration
    Filing Partnership firm form
    Tax Deduction & Collection Account Number
    GST Registration
    All inclusive
    Partnership Deed drafting
    Permanent Account Number
    Partnership Deed Registration
    Filing Partnership firm form
    Permanent Account Number
    Tax Deduction & Collection Account Number
    GST Registration
    3 months GST return
    10% discount in annual compliances package


    Puneet Srivastav
    Puneet Srivastava

    It has been an absolute delight working with Manish and Stairfirst to support the set up and managing the compliance requirements for our Indian subsidiary. The team is super responsive, best at their game and acts as a trusted partner to guide you through the complex maze of regulatory needs. They have also been accommodating in some extra services we have requested few times at very competitive price. I will highly recommend working with them.

    Emma Jones
    Disruptive Hiring
    United Kingdom

    Stairfirst helped us set up Indian subsidiary of our UK Company in timely manner. They understood what we needed and got on with it. StairFirst has become a trusted partner which takes care of all our Annual compliance, RBI Clearances, Income tax and Corporate compliances, Accounting and Payroll services. I am extremely happy to recommend their services.

    Alok Profile pic 2
    Alok Alamban

    Team at Stairfirst is always responsive. Their knowledge on regulations and processes is amazing. This is crucial when making decisions while setting up a new business. Our experience with them has been positive. We look forward to continued relationship. Wishing the team more success ahead.

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