A partnership (also known as a Firm / Form C) is a business structure that works just like a sole proprietorship, but with several individuals running it. The general partners share the profits and / or losses depending on their agreement. They share control and liability for business operations. Partnership taxes are paid by the firm against its National Tax Number (NTN) and the general partners can draw the post tax profits in accordance to the share of ownership as per their agreement. Partnerships require an agreement (called a partnership deed) on a non-judicial legal stamp paper that clarifies the relationship between the partners, their roles and responsibilities, and their shares in the profits or losses of the partnership. There is unlimited liability in this type of business. If one partner is sued, all partners are held liable. Another disadvantage is that the decision making is shared among the partners and hence no one individual has control. A partnership is different from limited liability partnerships, sole proprietorships and limited companies. Not sure about which business structure to choose? Read our Guide.

In order to register a partnership all you need to do is submit the following documents to the office of the Registrar of Firms in your City/District (in case of offline applications):

(1) Written Partnership deed on a Rs. 1,000 non-judicial stamp paper (we can draft this for you). The stamp paper value in Sindh should be Rs. 2,000.

(2) Filled Form 1 / A.

(3) Bank challan.

(4) Rent agreement for office in a commercial area along with proof (rent agreement or property ownership papers).

(5) CNICs of all partners along with CNIC of all witnesses. There should be a total of two witnesses.

(6) Affidavit regarding accuracy of submitted papers

(7) Copy of all the above documents duly notarised by a notary public.

(8) The partners along with witnesses will have to physically present themselves in front of the Registrar of Firms in case of offline applications.

(9) After a week, you will receive a certicate from the office of the Registrar of Firms.

(10) Next step is to apply for National Tax Number (NTN).

(11) You will then open a bank account in the name of your newly formed partnership. Subsequently you will proceed with other registrations like STRN/GST.

Still need help? Our partnership registration services start as low as Rs. 17,000* Rs. 20,000 only. Call us on +92-333-522-3360 or email us. We make sure that our customers always get served quickly and effectively without charging a fortune other lawyers and agents would otherwise charge.

Documents we require:

Proposed name of your firm.

Nature and scope of business.

Full name and colour CNIC copies of partners.

Full name and colour CNIC copies of witnesses (two witnesses in total)

Investment amount by each partner (in Rupees).

Electricity bill (commercial meter).

Partnership Deed on Rs. 1,000 non-judicial stamp paper (we will draft this for you). The stamp paper value in Sindh should be Rs. 2000.

Rent agreement of office (in commercial area).

Residential addresses of all partners.

Partners and witnesses have to physically visit one day to present themselves in front of Registrar of Firms (in case of offline applications).

For Tax Rates on AOP / Partnerships read our Tax Guide.