Partnership Registration
$125.00 – $143.00
Partnership or AOP Registration
Partnership Registration Requirements
- Neat & Clear Scanned copies of CNICs of ALL the Partners
- Nature of the business activity
- Registered address
- Letterhead of the AOP
- Phone Numbers of ALL partners
- Email address of ALL partners
What is a Partnership in Pakistan?
A partnership is a business structure where two or more individuals agree to share in the profits or losses of a business. It’s governed by the Partnership Act, 1932.
What makes a partnership?
- Two or more partners: It takes at least two to tango (or, in this case, do business!).
- Agreement: A formal agreement (ideally a written “partnership deed”) spells out the terms.
- Shared profits/losses: Partners decide how they’ll split the money (and any losses).
- Mutual agency: Each partner can act on behalf of the others in business matters.
- Liability: General partnerships usually mean unlimited liability—personal assets are at risk. LLPs are different; they offer limited liability.
What should be included in a Partnership Deed?
A partnership deed should include:
- Names and addresses of partners.
- Nature of the business.
- Duration of the partnership (if any).
- Capital contributions of each partner.
- Profit/loss sharing ratio.
- Roles and responsibilities of each partner.
- Procedures for resolving disputes.
- Dissolution terms.
How is a partnership dissolved?
Dissolution is typically outlined in the partnership deed. It can also occur due to death, incapacity, or mutual agreement.
