Formation of Partnership
Firm:
Two or more
persons may form a Partnership Firm.
Key feature
Ø
The financial liabilities
of partners are unlimited.
Ø
The partners cannot draw a salary
from his own business.
Ø
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