Firm Registration

What are different ways to establish business in Pakistan

There are several ways by which a person can establish a business in Pakistan. Different forms of business establishments include Sole Proprietorship, Partnership Firm, Joint Ventures/ Collaborations, Association of Persons, Company etc. However, the most common business establishments in Pakistan are as follows:

  • Sole Proprietorship
  • Partnership Firm
  • Private Limited Company

Which is the most beneficial type of business Establishment?
The decision to choose the beneficial type of establishment is completely based on the particular nature of business as every sector has its own benefits and drawbacks. While choosing the right type of establishment for any business sector, some major factor that need to be considered including Tax benefits and exemptions on a particular sector, loan finance requirements, legal benefits and impediments, scope and object of business, flexibility of operations and other underlying factors.

Why to Establish a Partnership Firm?

Partnership is defined and is regulated by the Partnership Act, 1932. Business of Partnership is referred to as a Partnership Firm and persons entering in the Partnership business are referred to as Partners. A partnership will usually compromise of a minimum of two and a maximum of twenty members who are jointly responsible for all matters concerning the business activities. Generally the Partnership firm is recommended for small and medium sized business as same can be registered for a specific period and once the object of the Firm is achieved, partners can instantly dissolve the Firm without any hectic procedure being followed. Moreover, the entire terms and conditions are set-forth in the Agreement of Partnership to protect the rights of each partner and in case of death of any partner, his respective shares can be shifted to his heir, successor or assign as the case may be.

We at Hamza and Hamza have successfully assisted in registering a Partnership Firm for several business Sectors including:

  • Health & Care Related Partnership
  • Beauty Parlor and Saloon related Partnership
  • Construction Related Partnership
  • Garments & Apparel Related Partnership
  • IT Related Partnership
  • Pharmaceutical Partnership
  • Auto-Parts Related Partnership
  • Manufacturing Related Partnership
  • Electronics Related Partnership
  • Tourism Related Partnership
  • Real Estate Partnership
  • Educational Institutions Related Partnership
  • Steel And Allied Partnership
  • Printing Publishing Partnership
  • Hotel Related Partnership
  • Diagnostic Laboratories Related Partnership
  • Immigration Consultancy Related Partnership
  • Paints Related Partnership

If you have any further queries with regard to establishing a Partnership Firm, we at Hamza and Hamza provide professional legal services to our valued clients. The services include:

  • Drafting Partnership Deed
  • Registration of Partnership Firm
  • Preparing and Filing of Documents with Authority
  • Dissolution of Partnership Firm
  • Record keeping and maintaining
  • Tax advisory and planning
  • Legal opinion and support

Welcome to Hamza & Hamza Associates

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Contact us today to discuss our complete range of Corporate and Legal issues in Pakistan and Overseas.

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