Blue Chip International Offers Partnership Firm Registration in Pakistan in 5 to 10 working Days
Partnership firm registration is the form of business whereby the profit and losses are shared between the partners in pre-determined ratio. Partnership firm registration is often preferred by business over private limited company registration because taxation rates are generally low on partnership firm registration as compared to private limited companies.
However, another aspect of registering your business as Partnership firm rather than private limited company is that the liability of the owner is unlimited in partnership as compared to private limited company where the liability of the business is limited up to the capital of the company.