Company Registration in Pakistan

HOW TO REGISTER A PARTNER SHIP FIRM IN PAKISTAN?

A Private Limited Company is a type of business entity that is owned by either one person (known as a Single Member Company or SMC) or a group of people (if there are 2 or more directors, it's simply called a Private Limited Company). The maximum number of directors or shareholders in a company is 15. One thing to note is that shares in a Private Limited Company cannot be traded publicly. This business structure is not only considered to be more organized and secure, but also directors or shareholders are only liable to the extent of their shares in the company - meaning they won't be held personally responsible for any debts the company may incur. This means that their personal assets are safe and cannot be liquidated to cover liabilities in Court. The company is registered with the Security Commission of Pakistan under the Companies Act, 2017. In case of management disputes, directors can file a complaint with the Registrar of SECP instead of going to court. This will adjudicate the dispute more efficiently and effectively. We charge Rs. 11,999/- to register a company with local directors.

Which Business Establishment is most Beneficial?

The decision to choose the best type of business establishment for your company depends on the sector you're in and what benefits or drawbacks are associated with it. When making this decision, you need to consider major factors that will impact your business such as tax benefits and exemptions, loan finance requirements, legal benefits and impediments, the scope and object of your business, flexibility of operations and any other underlying factors. At Burhan & Associates, we have a team of expert corporate lawyers who will help you decide on the best business structure for your line of work. We will take into account what will be most beneficial and effective for you, as well as what will be the most reliable. Once you approve of the business structure we have decided on, we will begin the process of registration - so you don't have to worry about the hassle and tiredness that comes with it. All you need to do is give us a call, and we'll take care of the rest to get your new business up and running in no time!