Partnership Deed Drafting & Firm Registration

A Partnership Deed is a legal document that outlines the rights, duties, profit-sharing ratio, and other terms between partners of a business. K-Tech Services provides expert partnership deed drafting and firm registration services.

What is a Partnership Deed?

A Partnership Deed is a written agreement between partners that governs the operation of a partnership firm. It serves as the constitution of the firm and is essential for avoiding disputes between partners.

Essential Clauses in a Partnership Deed

• Name and address of the firm and partners
• Nature of business being carried on
• Capital contribution by each partner
• Profit and loss sharing ratio
• Interest on capital and drawings
• Salary, commission, or remuneration to partners
• Rights and duties of partners
• Admission, retirement, and expulsion of partners
• Dissolution terms and settlement of accounts

Benefits of Registering a Partnership Deed

• Legal validity and enforceability
• Can file cases in court against third parties
• Can open bank account in firm name
• Required for GST, MSME, and other registrations
• Helps avoid disputes between partners

Documents Required

• PAN Card of all partners
• Address proof of all partners (Aadhaar/Voter ID/Passport)
• Address proof of registered office
• Passport size photographs of all partners