A professionally drafted partnership deed, firm registration with the Registrar of Firms and FBR registration of your association of persons.
A partnership firm is two or more people running a business together under the Partnership Act, 1932. The partnership deed is the most important document of the firm: it records each partner’s capital, profit-sharing ratio, responsibilities, authority to sign and what happens if a partner leaves or a dispute arises.
Registering the firm with the Registrar of Firms gives it legal standing, and the firm is registered with FBR as an association of persons (AOP) with its own NTN. We draft a deed tailored to your arrangement, complete the registration and obtain the firm’s NTN.
From the deed to the firm’s first tax registration.
Anyone starting or restructuring a business with partners.
Friends, family members or colleagues starting a business together.
Businesses run informally by family members that need clear terms.
Firms where partners are joining, leaving or changing shares.
Information about every partner and the business.
Four clear steps from your first message to completed work, with updates at every stage.
We understand your arrangement and advise on important clauses.
We prepare the deed and revise it until all partners agree.
The deed is signed and the firm is registered with the Registrar of Firms.
We register the firm with FBR and provide its NTN certificate.
Disagreements about money, authority or exit are far easier to resolve when the deed clearly covers them. A template deed rarely reflects how a real business works.
Under the Partnership Act, a registered firm is in a stronger legal position, including the ability to enforce contracts through the courts.
Partners are generally jointly responsible for the firm’s obligations. If limiting liability is important, a private limited company may suit you better.
Answers to the questions clients ask us most about this service.
Registration is not always compulsory, but an unregistered firm faces important legal limitations, so registration is strongly recommended.
A firm needs at least two partners. There is an upper limit under the law, and larger businesses usually incorporate a company instead.
Yes. The firm is registered with FBR as an AOP and files its own return, separate from the partners.
Yes. Changes are made through an amendment deed or a new deed, and the registration records are updated.
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