Drafting Vetting and Registration Services by Advocate Ketan Palshikar Pune
A Partnership Deed is a foundational legal document that defines the relationship between partners in a business. It records the terms, responsibilities, and profit-sharing arrangements agreed upon by all partners. Having a properly drafted Partnership Deed ensures transparency, prevents disputes, and provides legal protection to every partner.
At Advocate Ketan Palshikar Pune, we specialize in drafting, reviewing, and registering Partnership Deeds that are compliant with the Indian Partnership Act, 1932, and suitable for both small and medium-sized enterprises as well as professional and trading firms.
Whether you are starting a new business or restructuring an existing partnership, our expert legal services will help you establish a solid and lawful foundation for your business venture.
What is a Partnership Deed?
A Partnership Deed is a written agreement executed between two or more individuals who agree to carry on a business jointly and share its profits and losses.
This document outlines:
- The rights and duties of each partner.
- The profit-sharing ratio.
- The capital contribution of each partner.
- The rules for admission or retirement of partners.
- The procedure for dissolution of the firm.
In absence of a Partnership Deed, the business is governed by the default provisions of the Indian Partnership Act, 1932, which may not always align with the partners’ intentions. Hence, a properly drafted Partnership Deed is vital to protect everyone’s interests.
Importance of a Partnership Deed
A written and registered Partnership Deed offers several benefits:
- ✅ Legal Recognition: It gives your firm a legal identity under the Indian Partnership Act.
- ✅ Dispute Prevention: Clearly defines roles and duties to avoid misunderstandings.
- ✅ Tax and Banking Compliance: Required by banks and government authorities for PAN, GST, and current account opening.
- ✅ Ownership Clarity: Establishes how profits, losses, and capital are to be distributed.
- ✅ Smooth Management: Helps maintain discipline, accountability, and clear decision-making within the firm.
Essential Clauses in a Partnership Deed
A well-drafted Partnership Deed typically contains:
- Name and Address of the Firm and Partners
- Nature and Scope of Business
- Commencement Date and Duration of Partnership
- Capital Contribution by Each Partner
- Profit and Loss Sharing Ratio
- Duties, Powers, and Obligations of Partners
- Interest on Capital and Drawings
- Admission, Retirement, or Expulsion of Partners
- Procedure for Accounts and Auditing
- Arbitration or Dispute Resolution Clause
- Dissolution of Partnership and Settlement of Accounts
Our team ensures that each clause is carefully drafted to match the partners’ business objectives while being fully compliant with the governing laws.
Registration of Partnership Firm
Although registration of a Partnership Firm is not mandatory, it is highly recommended as an unregistered firm cannot:
- File a suit against third parties for contract enforcement, or
- Claim set-off in disputes with outsiders.
We assist clients in Partnership Firm Registration with the Registrar of Firms (ROF), Pune, including preparation of documents, affidavits, and filing of required forms.
Our Legal Services Include
At Advocate Ketan Palshikar Pune, we offer end-to-end assistance in Partnership matters, including:
- Consultation and Legal Advice on forming a partnership.
- Drafting and Vetting of Partnership Deeds (General or Limited Liability).
- Amendments or Addendums to existing Partnership Deeds.
- Partnership Firm Registration under the Indian Partnership Act, 1932.
- Legal Opinion on rights, liabilities, and dissolution of partnership.
- Conversion of Partnership Firm into LLP or Pvt. Ltd. Company.
Why Choose Advocate Ketan Palshikar Pune?
- ⚖️ Expert in Business and Contract Law — Extensive experience in drafting and registering business agreements.
- 📜 Legally Sound and Professionally Drafted Deeds — Compliant with the Indian Partnership Act and taxation norms.
- 🧩 Customized Clauses — Tailored to suit your specific business structure and partnership goals.
- 💼 End-to-End Assistance — From consultation and drafting to registration and follow-up with authorities.
- 🤝 Trusted Legal Partner — Serving entrepreneurs, professionals, and family-run businesses across Pune.
Areas We Serve
We offer legal services for Partnership Deed Drafting and Registration across Pune and PCMC, including Shivajinagar, Kothrud, Aundh, Baner, Erandwane, Deccan, Camp, Koregaon Park, Hadapsar, and Hinjewadi.
Contact Advocate Ketan Palshikar Pune
If you are planning to start a new business or formalize your existing partnership, a properly drafted and registered Partnership Deed is the first step towards legal and financial security.
Advocate Ketan Palshikar Pune – Your trusted Partnership Deed Lawyer in Pune, offering reliable and professional legal services for Partnership Agreements, Amendments, and Registration.