A registered partnership firm protects each partner's legal rights in the event of a dispute, and gives the business more credibility with banks, suppliers and clients than an unregistered arrangement.
We draft a clear, comprehensive partnership deed covering capital contribution, profit-sharing, decision-making and exit terms, then register the firm with the Registrar of Firms in your jurisdiction.
What is a Partnership Firm?
A partnership firm is a business owned by two or more partners who agree to share profits, losses and management responsibilities under a written partnership deed. Registration is optional under the Partnership Act, but strongly recommended — an unregistered firm cannot sue a third party or another partner to enforce its rights in court.
Key Features
- Shared capital, skills and risk between two or more partners
- Registered firms can sue and be sued in the firm's name
- Clear deed reduces the risk of future disputes between partners
- Relatively simple and cost-effective compared to a company
- Can later be converted into a private limited company
Our Process
- Discuss TermsWe understand each partner's capital contribution, profit ratio and responsibilities.
- Draft the Partnership DeedWe prepare a comprehensive deed covering all commercial and legal terms.
- Execute & NotariseAll partners sign the deed, which is notarised before submission.
- Register with the Registrar of FirmsWe file Form I along with the deed and required documents.
- NTN & Tax RegistrationWe obtain the firm's NTN and register for sales tax if applicable.
Documents Required
- CNIC copies of all partners
- Passport-size photographs of all partners
- Partnership deed signed by all partners
- Business address proof (utility bill or rent agreement)
- Affidavit confirming the correctness of particulars