Partnership Deed Generator
Formalize your business venture. Create a single, official document to define partner roles, responsibilities, and profit sharing.
Quick Start
What is a Partnership Deed Generator?
This tool creates a Partnership Deed, a formal legal document that outlines the rights, duties, and responsibilities of all parties in a business partnership. It serves as a binding agreement that governs how the business will be run, preventing future disputes.
Formalize Partnership
Establish clear terms for capital, profit sharing, and partner roles.
Prevent Disputes
Define duties, powers, and dissolution conditions in writing.
Instant Document Download
Download a professional document ready for legal review and signing.
Partnership Deed Generator
Basic Information
Partners
Financial & Operational Details
Legal Clauses
Include Standard Clauses?
Your History
No documents generated yet.
How to Create a Partnership Deed
Follow these steps to generate a clear and comprehensive legal agreement.
Enter Firm & Partner Details
Fill in your firm's information and the details for each partner, including names, addresses, capital contributions, and profit-sharing ratios.
Define Operational Rules
Specify crucial operational details like who is responsible for bank transactions, tax filings, and obtaining loans to ensure clarity.
Select Clauses & Generate
Add any custom clauses and select the standard legal terms you want to include. Then, click "Generate Deed" to create your document.
JV vs. Partnership vs. Company: What's the Difference?
Understanding the right structure for your business is crucial. Here’s a point-by-point comparison of the most common business structures.
| Feature | Joint Venture (JV) | Partnership Deed | LLP (Limited Liability) | Pvt. Ltd. / Ltd. Company |
|---|---|---|---|---|
| Primary Purpose | Collaboration for a **single project** or limited time. | Running a **continuous business** with partners. | Running a continuous business with limited liability benefits. | Running a continuous business as a separate legal entity. |
| Legal Status | Not a separate legal entity. Parties retain their own identities. | Not a separate legal entity from the partners. | **Separate legal entity**. Can own assets and sue/be sued. | **Separate legal entity**. Distinct from its owners (shareholders). |
| Liability | Liability is often defined by the agreement but can be unlimited. | **Unlimited liability**. Partners are personally responsible for firm's debts. | **Limited liability**. Partners are not personally liable for the LLP's debts. | **Limited liability**. Shareholders' liability is limited to their investment. |
| Governing Law | Based on the terms of the JV Agreement (Contract Act). | Indian Partnership Act, 1932. | Limited Liability Partnership Act, 2008. | Companies Act, 2013. |
| Registration | No formal registration required, just the agreement. | Registration is optional but highly recommended. | **Mandatory registration** with the Ministry of Corporate Affairs (MCA). | **Mandatory registration** with the Ministry of Corporate Affairs (MCA). |
| Number of Members | Minimum 2 parties. | Min 2, Max 50 (for most businesses). | Min 2 partners, no maximum limit. | Min 2, Max 200 (Pvt. Ltd.). No max for Ltd. |
| Best For | Temporary projects, collaborations, market entry. | Small to medium-sized businesses with trusted partners. | Professional services (CAs, lawyers) and businesses wanting liability protection. | Startups seeking funding, scalable businesses, and large enterprises. |
Who Is This For?
An essential tool for anyone forming a business partnership.
Startups & New Ventures
Quickly create a foundational legal document to ensure all co-founders are aligned from day one.
Small Businesses
Formalize agreements between partners in family businesses or small companies to protect all parties involved.
Freelancers & Collaborators
Define the terms of a joint project or venture to clarify responsibilities, ownership, and profit splits.
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Frequently Asked Questions
What is a Partnership Deed?
A Partnership Deed is a legal document that defines the rights, duties, and responsibilities of partners in a firm. It acts as proof of partnership and helps prevent disputes.
Is registration of a Partnership Deed mandatory?
Registration is optional under the Indian Partnership Act, 1932. However, a registered deed gives better legal protection and is highly recommended.
How many partners are required to form a partnership?
A minimum of two partners are required. The maximum limit is 20 partners for general businesses.
Can a partnership firm have a PAN and GST number?
Yes. A registered firm can apply for both PAN and GST under the firm's name once the deed is executed.
What is the difference between a Partnership Deed and an LLP Agreement?
A Partnership Deed governs a traditional partnership firm, while an LLP Agreement governs a Limited Liability Partnership — which has separate legal identity and limited liability for partners.
Need Help or Have Questions?
Our support team is ready to assist you with any questions or technical issues.
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