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Partnership / AOP / Firm Formation in Pakistan

Partnership Registration / AOP / Firm Formation in Pakistan

Registered it, with Ease!


A person wishing to carry out business may not have access to a large amount of capital initially needed to start the work. It is usual and more beneficial, then, to onboard another person or persons. Not only the person tackles the capital availability issue, but persons can conduct business more efficiently with the combined expertise of those persons.

The relationship between persons to carry out business activities in a partnership. In Pakistan, this may be between a minimum of two and a maximum of twenty persons. The persons in the partnership provide the money or capital for the business; this does not have to be equal. These persons are responsible for the business’s debts, and they share any profits or losses based on the terms of their agreement.

So, in these circumstances, Pro Tax Consultancy karachi Pakistan plays its role. Taxation may seem like a burden to a business, and therefore we provide Tax Advisory & Compliance Services. Likewise, we use our skills and knowledge to ensure tax efficiency when it comes to the framework of a business.

We can call the individual partners the ‘association of persons’ or a ‘firm’. It is not compulsory to register a partnership by law, but it is better to do so. The partners must formulate a written agreement specifying the terms and conditions and profit or loss sharing ratios. The Partnership Act, 1932, in Pakistan governs all the partnership rules.

Furthermore, The Scope of the Taxation Services Includes:


Requirements to Register a Partnership

Individuals must submit the following details containing documents to the Registrar of an area in which the business or its office is operating:

The name of the firm – Individuals must not use some restricted words in the name;

The principal place of business of the firm;

Individuals must also include the name of the office where the company is performing;

The full names of all of the partners and their permanent addresses;

Individuals must also have the dates of joining of each partner;

The duration of the firm

All the partners will sign this statement before submission. Once you have satisfied the registrar, the individuals have fulfilled that all registration requirements. Now, he will update the firm name in the ‘Register of Firms’ and file the statement.

The Partnership Agreement

This is a partnership deed, and individuals must incorporate the following details in this:

Name of the firm
Nature of the business to be conducted
Location or branches of the business
Details of partners, including their names and addresses along with their CNIC numbers
The amount of salary, if any, payable to the partners
Work division and responsibilities for management
The firm’s bank
The duration of the partnership should be stated; if there is no duration or determination, it will be called a ‘partnership at will’
The profit and loss sharing ratios
The maximum amounts allowed to partners for withdrawal
Any rules concerning the admission of new, and retirement of existing partners
Any dispute provisions
The method of dissolution

Suppose the partners desire that the partnership will not dissolve or terminate on the death or retirement of any partner. In that case, you can tell that in the deed.

How Pro Tax Consultancy karachi Pakistan Can Help

Based on our research and expertise, we have often found out that people are generally reluctant to involve themselves in communication or correspondence with civil servants or deal with government institutions. In this case, Pro Tax Consultancy karachi comes in. We have multiple years of experience in the particularities and registration of a business and partnership.

Therefore, we register your business as a partnership with the Registrar. Also, we assist you in formulating the terms of your partnership agreement and advise you on all legal matters relating to the same.

Pro Tax Consultancy karachi Pakistan can Reduce or Eliminate your Burden by Providing

Tax Compliance to Corporate Entities
  • We provide you income tax registration (issuance of FBR NTN)
  • Pro Tax Consultancy karachi Pakistan give you sales tax registration (issuance of STRN / GST on services)
  • We provide you Sindh revenue board registration services
  • Our company gives you income tax consultation services
  • We provide you sales tax consultation
  • We provide you compliance of corporate income tax return
  • Pro Tax Consultancy karachi Pakistan brings you compliance with corporate wealth statement
  • We provide you comprehensive facilitation in corporate sales tax return
  • We Compliance of E-Filing Withholding Tax Statement of u/s 149 & u/s 165.
  • Our company assist you in Issuance of Tax Reduce Rate Certificate
  • We provide you in handling & monitoring withholding tax obligations
  • Our experts handle statutory notices from tax authorities
  • We let you avail Tax Exemptions and Concessions provided in different tax laws
  • Pro Tax Consultancy karachi Pakistan provides you with filing and pursuing refund claims services
  • We file appeals of tax filing related issues at all levels
Tax Compliance to Individuals
  • We provide income tax consultation
  • Our company gives you sales Tax Consultation
  • Pro Tax Consultancy karachi Pakistan assist you in Income Tax Registration (issuance of FBR NTN)
  • We provide you assistance in Sales Tax Registration (issuance of STRN / GST)
  • Our experts give you assistance in Sindh Revenue Board Registration
  • We give you comprehensive facilitation in E-Filing Income Tax Return
  • Our company provides you comprehensive facilitation in E-Filing of Wealth Statement
  • We give you comprehensive facilitation in E-Filing Sales Tax Return
  • We file Withholding Tax Statements
  • Pro Tax Consultancy karachi Pakistan provide assistance in issuance of Tax Refund
  • Our experts file of Appeals of Tax Filing related issues at all levels