One Person Company (OPC) Registration
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Two or More Partners: Minimum 2 persons required to form a valid partnership under the Indian Partnership Act, 1932.
Partnership Deed: A written agreement defining the roles, profit-sharing ratio, and obligations of each partner.
Mutual Agency: Every partner is both a principal and agent of the firm, and can bind the firm with their actions.
Sharing of Profits & Losses: Partners share profits and losses as agreed — equally if no ratio is specified.
No Perpetual Succession: The firm may dissolve upon the death, insolvency, or retirement of a partner unless the deed provides otherwise.
Unlimited Liability: Each partner is personally liable for the firm's debts — there is no liability cap as in a Pvt Ltd.
Fastest and most affordable business structure to register in India.
No minimum capital requirement — start with any amount.
Fewer compliance obligations compared to Pvt Ltd or LLP.
Flexible management — partners manage by mutual consent.
Ideal for small businesses, trading firms, family businesses.
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