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Partnership or AOP Registration

Partnership or AOP Registration 

Partnership or Association of Persons (AOP) registration involves formalizing a business arrangement between two or more individuals or entities. This process includes drafting and filing a partnership deed or agreement and registering with relevant authorities to ensure legal recognition and compliance with regulatory requirements.

Requirements

For Partnership or Association of Persons (AOP) Registration in Pakistan, you will need:

  • Partnership Deed: Draft a partnership deed that outlines the roles, responsibilities, and profit-sharing ratios of each partner.
  • Partners’ Details: Provide CNICs, NTNs, and contact details of all partners involved in the partnership or AOP.
  • Business Name: Choose a name for the partnership or AOP that is unique and not already in use.
  • Registered Office Address: A valid physical address within Pakistan to serve as the registered office of the partnership or AOP.
  • Registration with Registrar of Firms: Submit the partnership deed along with Form I (Statement of Particulars) to the Registrar of Firms for registration.
  • Incorporation Fee: Pay the required fee for the registration of the partnership or AOP.
  • Bank Account: Open a bank account in the name of the partnership or AOP for managing business finances.
  • Tax Registration: Obtain a National Tax Number (NTN) for the partnership or AOP by registering with the Federal Board of Revenue (FBR).

How TaxWork.pk will assist you with Partnership or AOP Registration:

  • Drafting the Partnership Deed: TaxWork.pk will help draft a comprehensive partnership deed that clearly outlines the terms and conditions of the partnership or AOP.
  • Filing with Registrar of Firms: We handle the entire registration process, including preparing and submitting the necessary forms and documents to the Registrar of Firms.
  • Tax Registration Assistance: TaxWork.pk will assist in obtaining the NTN for the partnership or AOP and ensure proper registration with the FBR.
  • Ongoing Compliance Support: After registration, we provide continued support with statutory filings, tax returns, and other compliance requirements.

FAQ's 

A minimum of two partners is required to form a partnership or AOP. There is no maximum limit on the number of partners.

While it is not legally mandatory to register a partnership, doing so provides legal recognition and helps in resolving disputes among partners.

Yes, a partnership or AOP can be converted into a Private Limited Company by following the conversion process outlined by the SECP.

A partnership or AOP is required to file annual tax returns and may be subject to withholding tax obligations depending on the nature of the business.

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