Three types of Partnerships:. Procedures involved in registration of Partnerships : Partnership registration is not compulsory by any law but it is better to do so if individuals have agreed to work jointly.
A partnership may be registered with the Registrar of Firms of an area where the office of the firm is located or proposed to be situated. In order to register business as partnership minimum two persons and following information is required: Requirements:.
Additional Requirements:. Partnership deed: in other words, a partnership agreement is a document signed by all partners which consists of mutual rights, obligations, regulations and conditions concerning the internal management of partnership organization.
The partnership firm has been registered. Documents we require: Proposed name of your firm. Nature and scope of business.
Full name and colour CNIC copies of partners. Electricity bill commercial meter. Partnership Deed on Rs. Rent agreement of office in commercial area. Residential addresses of all partners. A partnership will usually compromise of a minimum of two and a maximum of twenty members who are jointly responsible for all mattes concerning the business activities.
While partnerships are a common mode for operations for many small and medium sized business enterprises there is no compulsory requirement for registration of a partnership in Pakistan. Nonetheless registering a partnership does lead to tax and litigation related consequences that are advantageous to the business. Once all documents are ready, a partnership may be registered with the Registrar of Firms of an area where the office of the firm is situated or proposed to be situated.
A statement in prescribed form must be delivered to the relevant registrar stating:.
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