Partnership in Pakistan is regulated under the Partnership Act, 1932 and the owners of the Partnership Firm are usually referred to as Partners. Minimum of 2 partners are required to operate, manage and run the affairs of Partnership Firm. Partnership Firm or Business is usually recommended for persons who for a specific purpose, object and period are desirous to establish an entity.
Process of Partnership Firm Registration requires an application to be submitted to the respective District Registrar Firms in whose jurisdiction the Partnership Firm is being established. Process of Partnership Firm Registration requires for submission of following documents:
We would recommend you file this firm registration process after consultation with your lawyer as it involves financial as well as legal obligations so there exists higher risk of loss and responsibilities.
We understand the concern of our valued clients and draft the partnership agreement to cover all the affairs of the partnership business and to secure the interest of the clients in the venture to avoid any stringent disputes in future that may subsequently arise between the partners of the partnership firm.