What Are the Legal Formalities to Start a Partnership Firm in India?

 What Are the Legal Formalities to Start a Partnership Firm in India?”

#PartnershipFirmIndia #BusinessSetup #StartupLaw #BusinessRegistration #LegalFormalitiesIndia #Entrepreneurship #LexisAndCompany

A budding entrepreneur asked:
"We’re two friends starting a business — do we need to register our partnership?" 🤔💡

✅ Answer: Absolutely YES (unless you like chaos later 😅)!

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🧾 Key Legal Steps to Set Up a Partnership Firm in India:

✅ Choose a Business Name – Be unique but legal 😎
✅ Draft a Partnership Deed – Clearly mention roles, capital, profit-sharing, exit clause etc.
✅ Stamp Duty & Notarisation – Because paper without stamp = no power 📃🔏
✅ PAN Card for Firm – Taxman always wants in! 🧾
✅ Open a Bank Account – Firm account ≠ personal account
✅ Register with Registrar of Firms (optional but recommended) – Unregistered firm = limited legal rights 🙈

#PartnershipDeed #StartupChecklist #LegalCompliance #BusinessStructure

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🎯 Benefits of Registration:

✔️ Legal recognition
✔️ Easier to sue & get justice
✔️ Better banking and funding access
✔️ More credibility with clients & vendors

Pro Tip: “Starting a business without a deed is like cooking biryani without rice!” 😂🍚📑

#BusinessFormation #LegalBasics #PartnershipLawIndia

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💼 Want a solid, legally sound partnership deed?
Let LEXIS AND COMPANY help you set it up smoothly and smartly! 💼🖋️

📞 Call: +91-9051112233
🌐 Website: https://www.lexcliq.com