Call us: 8448440466 | Email: info@onlinelegalindia.com
legal-advice

Drafting Partnership Deed Online | Time Saving, Expert Writing & Affordable

A team of lawyers from Online Legal India will draft your partnership deed online. No need to visit office. 2000+ Lease agreement drafted by expert team.



Drafting Partnership Deed Online

Submit your query here

(Optional)
 Price INR 1499/-

Various partnership deeds and their features


  • General Partnership (GP)
  • General partnership can be easily created.
  • State filing not required in general partnership and can be created once the business activities start.
  • Operational cost is low and Formation filing fee, state fees or franchise tax is not required.
  • General Partnerships are include business license and permissions necessary for business operations.
  • Less ongoing requirements as it does not require annual meetings.
  • General Partnership Agreements defines the management of partnership, partner roles, termination clause and other important aspects.
  • General partnerships helps in keeping individual assets and business assets separate.
  • Limited Partnership (LP)
  • General partners have unlimited liability.
  • Limited partnership requires one business partner to have unlimited obligation who is also the general partner(s).
  • Limited partners have restricted liabilities towards their personal assets, and they cannot use it for debts.
  • The liability amount is limited for investment in limited partnership.
  • Management does not include limited partners and general partners monitors the daily operations.
  • The projects are short term. Limited partnerships involves special businesses like films, real estate planning and family estates.
  • limited liability partnership (LLP)
  • Business services are professional. Limited liability partnerships are created by specific specialized service businesses. These expert services include attorneys, accountants, doctors, architects, and other professionals.
  • Protection of personal assets. Personal assets under LLP cannot be used to fulfil business obligations and responsibilities. LLP does not protect the business partners from personal liabilities. If partners are found of personal malpractices, LLP can not help themin reducing the liabilities.

Advantages and Benefits of Partnership firms


  • Can be created easily
  • Large number of resources are available
  • Better and collective decisions are made in a Partnership Firm
  • Business operations are highly flexible
  • Risk is low as it is shared
  • Each partner’s rate of interest is protected

Important Sections of the Partnership Deed


Any regulated partnership deed structure must have the following clauses as they are important for the partnership firm:

  • The Names and Addresses of the Partnership firm along with its foremost business
  • Names and Addresses of all business partners
  • The invested capital amount contributed by each partner
  • The firm’s accounting period
  • The date of inauguration of partnership
  • Regulations concerning an operation of Bank Accounts
  • Profit and loss sharing percentage
  • The rate of interest on principal amount, loan, etc
  • Type of auditor’s appointment (if any)
  • Wages, commission, and payments if outstanding to any partner
  • The rights, responsibilities, and obligations of each partner
  • Settling of loss occurring from bankruptcy of one or more partners
  • Settlement of accounts on the closure of the firm
  • Process of a resolution of disputes among the partners
  • Guidelines to be supported in case of admittance, retirement, the demise of a partner and matters relating to the conduct of business.
  • Typically, all the matters concerning the relationship of partners among themselves are included in partnership deeds.

Our Work Process

file the registration form
file the registration form
file the registration form
file the registration form
file the registration form
file the registration form

Our Popular Services



Our Popular Services

Why Us?

recognized by government by india time saver, easy and affordable 28 states 9 union territory dedicated support team 24*7 plateform no hidden charges no hidden charges no hidden charges no hidden charges

We Are Associated With



zee news
google
google
google
paytm
rti
trustpilot
myoperator
naukri
instamojo
godaddy
icici
Copyright 2019 Online Legal India.
Disclaimer Policy: The information contained in this website is for general purpose and is applied to this website only. While accessing or using the information contained in the website you agree to the terms and conditions of this website. The website may contain some other informational links that are not controlled by us. So, for that website or company is not liable for the information provided made on the external websites. This is a private company owned website that provides consultancy services and other related services for the small business, traders, Indian Companies, who are looking for solution from the legal expertise. In case there is any omission or discrepancies, information provided by the client will be final and accepted for consideration. We are not a Government run Website. The information provided in this registration form is just to receive the data from our clients so that our consultants can easily understand the need of the client and deliver proper solution to you. Users are advised to not solely rely on the content available on this application and to undertake their own due diligence. By moving forward or proceeding with this website you are aware that we are Private expertise/legal consultants managing this website and providing assistance based on the request of the customers. The fee collected in this website is a consultation fee.

(*) All the necessary steps is being taken by us to deliver your certificate as quick as possible, but it is also your responsibility to cooperate with us when we call you or to respond to our emails when we request you for any relevant information to be given to our expert guidance request.