Partnership deed
Capital, profit sharing, duties, drawings, exits and disputes written clearly.
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We draft your partnership deed, register the firm with the Registrar of Firms under the Partnership Act, 1932, and complete its FBR registration as an AOP, so your partnership is recognised in law, by the bank and by the tax authorities.
A partnership is the simplest way for two or more people to run a business together. But an informal arrangement with no written deed and no registration leaves the partners exposed, both to each other and in any dispute with clients or suppliers.
Firms are formed under the Partnership Act, 1932 and registered with the Registrar of Firms in the relevant province or territory. In Islamabad, ICT Administration's published procedure requires Form-I, a partnership deed on Rs 1,000 stamp paper, a Rs 1,000 registration fee paid at National Bank, an affidavit, proof of an office in a commercial area and copies of the partners' and witnesses' CNICs, all notarised. The partners and witnesses then appear before the Registrar, and the certificate is usually issued in about ten days. Registration matters because an unregistered firm faces legal limits on enforcing its rights in court.
For tax purposes, a firm is an association of persons (AOP) under the Income Tax Ordinance, 2001 and needs its own NTN, issued through our AOP registration service. If the partners want limited liability, an LLP or a private limited company may suit better.
A fixed fee for the full registration, deed included.
Capital, profit sharing, duties, drawings, exits and disputes written clearly.
The registration application and supporting affidavit prepared.
Lease or ownership proof and utility bill organised for the Registrar.
Documents prepared on the right stamp paper and attested.
Partners and witnesses prepared for their appearance.
The certificate collected and checked.
The firm's NTN and FBR profile set up on IRIS.
Documents prepared for opening the firm's bank account.
These issues are common in partnerships set up with a template deed or no deed at all.
Without a deed, the Partnership Act's default rules decide profit shares and duties, which rarely match what partners intended.
We draft a full deed.An unregistered firm faces legal limits on enforcing its rights against third parties in court.
We register with the Registrar.When a partner leaves or dies, a deed that is silent can dissolve the firm or freeze the business.
We plan for exits and succession.In Islamabad, the firm's office must be in a commercial area for registration.
We check premises before filing.A firm needs its own NTN as an AOP; using a partner's personal NTN causes tax problems.
We register the firm with FBR.Partners in a firm generally have unlimited personal liability for its debts.
We explain LLP and company options.We prepare everything in advance so the Registrar appointment is the only visit needed.
We understand the partners, capital, profit sharing and business.
Our fee, stamp paper and registration fees listed upfront.
Deed drafted for review, Form-I and affidavit prepared.
Documents submitted and the Registrar appointment attended.
AOP registration with FBR and bank documents completed.
Two or more owners running a trading business together.
Doctors, consultants and other professionals in partnership.
Family members formalising a shared business.
Partners running a workshop or small factory.
Partners developing or managing property projects.
Friends or colleagues starting a business together.
Your deed is reviewed by an LLB-qualified advocate and your tax position is set up by the team that will file your firm's returns.
Deeds reviewed by an LLB-qualified advocate, not filled in from a template.
The firm registered as an AOP and its partners' returns kept consistent.
ACCA and ICAP Chartered Accountant qualifications across the team.
Documents checked so the appointment goes smoothly.
We tell you when an LLP or company would protect you better.
Every fee listed before any work starts.
Have a question that is not here? Send it to us on WhatsApp and we will reply the same day.
Tell us about the partners, the business and how you plan to share profits. We will draft the deed and list every fee before any work begins.
Book your free consultationThis page is general information about our services, not tax, legal or financial advice for your specific situation. Laws, rates and deadlines change with each Finance Act and official notification.