SECP2 min readUpdated 25 Oct 2026

SMC, private limited or LLP: which should you register?

A quick comparison of the three most common structures and what SECP needs from you.

TAXWORK ConsultantsCost & management accountants · Islamabad, Rawalpindi, Sialkot

All three are registered online with SECP and give you limited liability. The right one depends on how many owners you have and how you plan to grow.

	SMC	Private limited	LLP
Owners	1 (plus a nominee)	2 or more	2 or more partners
Best for	Solo founders	Startups raising investment	Professional firms
Tax	Company rate	Company rate	Taxed as an AOP

After incorporation we get your NTN and a letter for your bank account, so you can start trading.

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A consultant will look at your case and give you a fixed fee before any work starts.

General information, not advice for your specific case. Rates and dates can change; check the current law or ask us before acting.

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