Business Registration
AOP & Partnership Firm Registration
An Association of Persons (AOP) is a business owned by two or more persons, such as a partnership firm, that is not a company. To set it up, partners sign a partnership deed, may register the firm with the Registrar of Firms, and obtain a separate NTN for the AOP from the FBR. The AOP files its own income tax return. Tax Services PK drafts the deed and completes all registrations.
Who needs it
Who is this service for?
- Two or more people starting a business together
- Family businesses
- Professional partnerships
- Existing partnerships without proper registration
Our process
How it works
Partnership deed
We draft the deed covering capital, profit sharing and duties.
Firm registration
We register the firm with the Registrar of Firms.
AOP NTN
We obtain the AOP's NTN from the FBR.
Compliance
We set up sales tax / PRA and annual returns.
Checklist
Documents required
- CNICs of all partners
- Business name and address
- Premises proof
- Agreed capital and profit-sharing ratios
What we handle
What's included
- Partnership deed drafting
- Registrar of Firms registration
- AOP NTN registration
- Changes in partners / reconstitution
FAQs
AOP / Partnership Registration: frequently asked questions
Is an AOP taxed separately from its partners?
Yes. An AOP is a separate taxable entity that files its own return. Partners' share of profit is treated according to the Income Tax Ordinance.
Is registration with the Registrar of Firms compulsory?
It is not strictly compulsory, but a registered firm has better legal standing, for example to enforce contracts in court, and banks often require it.
Can a partner be added or removed later?
Yes. The partnership deed is amended (reconstituted) and the FBR and Registrar records are updated.
Need help with aop / partnership registration?
Talk to a tax consultant with 30+ years of experience. Call or WhatsApp us today.