How to register a firm in Pakistan?
Firm registration is not simple in Pakistan. A firm is registered at the registrar's office in any district of Pakistan. Once a firm is registered in one district it can perform functions in any part of Pakistan. The following are some important facts in the registration process of a firm.1. A firm is registered under partnership act 1932.
2. It is best to hire a lawyer for the registration of a firm. The reason is that the lawyers know the process well and they make it simpler. That is also beneficial in the smooth operating of a firm at later stages.
3. There can be minimum two partners and maximum 20 partners in a firm.
4. A single partner can not register a firm.
5. At the time of registration the presence of partners is mandatory requirement.
6. The firm should have its head office in a commercial area.
7. The CNIC of two witnesses and partners are required to be annexed with the registration documents of a firm.
8. The time period for registration is almost 1 month. After that a certificate is issued.
9. Normally the attorneys charge a fee of 25k-50k for the registration of firm in their particular district.
10. There is also NTN numbers required on the names of partners and on the name of firm in the registration documents.
11. The most important document is the partnership deed signed between partners which has the terms of firm and its activities.
Article taken from http://salmankhangolra.blogspot.com
