Share ownership, profits & responsibilities with partners. Convert your business structure with expert help starting from just at INR 1999/- only.
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A Sole Proprietorship is a business structure owned and run by one individual, where profits are taxed as personal income and there is no legal distinction between business and owner.
A Partnership Firm is a business setup where two or more individuals carry on business together with an agreement. The firm operates under a Partnership Deed, sharing profits, losses, and responsibilities.
Allows multiple people to share business responsibilities and growth.
Improves credibility with investors, suppliers, and banks.
Enables the pooling of capital and resources for expansion.
Offers flexibility to add or remove partners via supplementary deed.
Helps in better tax structuring and revenue planning.
Factors to keep in mind while you Convert Sole Proprietorship in to Partnership firm:
Legal & Compliance – Follow the Indian Partnership Act, draft a Partnership Deed, and update PAN/GST/licenses.
Business Name & Assets – Choose a unique name and transfer all assets and liabilities from the sole proprietorship.
Capital & Profit Sharing – Decide each partner’s capital contribution and profit-sharing ratio.
Contracts & Bank Accounts – Update agreements, contracts, and bank accounts under the partnership firm.
Liability & Future Planning – Understand joint liability, plan for exits, disputes, and partner changes.
Choosing the right compliance partner is crucial, and EbizFiling ensures a smooth process. With experienced professionals, end-to-end support, transparent pricing, and timely delivery, we provide tailored solutions for your business. Trusted by startups, SMEs, and established companies across India, we make business conversions simple and reliable. We also provide conversion services such as LLP to Private Limited Company, OPC into Private Limited Company, and Partnership to LLP services.
You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.
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Businesses can be registered with very low capital, even as little as Rs. 10,000, without any restrictions.
A partnership is easily formed with a Partnership Deed, requiring no mandatory registration beyond income tax filings.
Partners can pool their financial and managerial resources, leading to greater resource availability than a sole proprietorship.
A partnership can easily add or remove partners with a supplementary deed, allowing for simple expansion or downsizing.
The risks and profits or losses are shared among all partners, ensuring a more diversified financial exposure for everyone involved.
As a separate legal entity, a partnership allows for strategic tax efficiency through the distribution of remuneration and interest to partners.
Photograph of all the Partners
PAN Card of all the Partners
ID Proof of all the Partners (Driving License/Passport/Voter ID)
5 Easy Steps
Complete a Checklist
Submit Documents
Verification of Documents
Drafting & Executing Partnership Deed
Obtain PAN & TAN
It means legally changing your business from being owned by one person to being jointly owned by multiple partners.
You can share profits, risks, decision-making, and raise resources through multiple partners.
No, registration is not mandatory in many states, but a registered firm has more legal standing and enforceable rights.
It’s a legal document that sets out obligations, profit-sharing, responsibilities, duration, and other terms between partners.
Yes, the business operations continue; only legal and structural changes are done via partnership deed and registrations.
Minimum of two partners are required to form a partnership firm.
Cost depends on state stamp duty, deed drafting, and required registrations; EbizFiling offers transparent plans.
Yes, profits are shared; the firm is taxed as a separate business entity.
Yes, every partner must submit PAN & proof of identity and address.
Usually a few days to a week, depending on document readiness and partner coordination.
Yes, you need a registered address for the partnership firm legal paperwork.
You can do so by executing a supplementary partnership deed.
That depends on the package you choose; some plans include GST registration.
Yes, once your PAN/TAN is updated, you should inform banks for financial operations.
Yes, the firm’s income is taxed separately; partners share profits as per deed.
Legally you can, but practically, it involves closing the firm and re-structuring documents.
Stamp duty varies state-to-state under the Indian Stamp Act in each jurisdiction.
Yes, legal professionals help ensure the deed is drafted correctly and all compliance is done.
Some registrations like GST/PAN may need updates; we assist in making those amendments.
We handle everything: drafting, stamping, registrations, PAN/TAN, and overall legal compliance.
Share ownership, profits & responsibilities with partners. Convert your business structure with expert help starting from just at INR 1999/- only.
Trusted by 5000+ businesses across India.
"Our Company being an Indian Subsidiary requires much compliance, but ebizfiling has provided us end to end services. They are very important part of our business. They handle all of the legal tasks in India. I highly recommend ebizfiling for non-residents thinking of starting a project in India."
Easy and Fast Thanks for the Help, Very Nice Services will contact for other services too.
Easy,fast and reliable service. Would love to highly recommend. Thanks a lot Ishani.
