Formation of Partnership Firm
Two or more persons may form a Partnership Firm.
Key feature
- The financial liabilities of partners are unlimited.
- The partners cannot draw a salary from his own business.
- Comparatively less legal compliances as compared to Limited Liability Company.
List of requirements
- A suitable name of the firm
- Copy of CNIC/NICOP/Passport/POC of the partners
- Cell registered in name of the partners
- Email of the partners
