Tax Work

Limited Liability Partnership Registration (LLP)

Limited Liability Partnership Registration (LLP) 

Limited Liability Partnership (LLP) registration involves forming a partnership where each partner has limited liability. It combines the benefits of a partnership with limited liability protection. Registration requires filing an LLP agreement and necessary documents with regulatory authorities.

Requirements

For Limited Liability Partnership (LLP) Registration in Pakistan, you will need:

  • Name Reservation: Reserve a unique name for your LLP with the Securities and Exchange Commission of Pakistan (SECP).
  • Partners’ Details: Provide CNICs, NTNs, and contact details of at least two partners.
  • LLP Agreement: Draft an LLP agreement outlining the rights, duties, and profit-sharing ratio of the partners.
  • Registered Office Address: A valid physical address within Pakistan to serve as the registered office of the LLP.
  • Form I (Incorporation Document): Fill out and submit Form I to the SECP, including all necessary details about the LLP.
  • Incorporation Fee: Pay the required incorporation fee based on the LLP’s proposed capital.
  • Digital Signatures: Obtain digital signatures for the partners to electronically sign documents.
  • Declaration of Compliance: A declaration confirming that all the requirements of the LLP Act, 2017, have been met.
  • Bank Account: Open a bank account in the name of the LLP for managing the partnership’s finances.

How TaxWork.pk will assist you with LLP Registration:

  • Name Reservation Assistance: We help you select and reserve a unique name for your LLP through the SECP.
  • Document Preparation: TaxWork.pk will draft the LLP Agreement, ensuring it complies with legal requirements and reflects the partners’ interests.
  • Filing with SECP: We handle the entire registration process, including filling out and submitting all necessary forms to the SECP on your behalf.
  • Digital Signatures and Compliance: We assist in obtaining digital signatures for partners and ensure compliance with all SECP regulations.
  • Ongoing Support: After the LLP is registered, we provide continued support with statutory filings, such as annual returns and updates to partnership records.

FAQ's 

An LLP offers the flexibility of a partnership while limiting the liability of the partners, whereas a Private Limited Company is a separate legal entity with shareholders and directors.

At least two partners are required to form an LLP, but there is no upper limit on the number of partners.

The registration process typically takes 7-10 working days, depending on the completeness and accuracy of the submitted documents.

An LLP must file an annual return, maintain proper financial records, and comply with any other SECP requirements specific to LLPs.

Discover our video content

We would love to show you, how simple and friendly TaxWork we have made it for you with the help of industry’s best experts, as they know everything about taxes.

Add Your Heading Text Here

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Add Your Heading Text Here

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Add Your Heading Text Here

Lorem ipsum dolor sit amet, consectetur adipiscing elit.