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The registration of a partnership firm in Pakistan is an essential legal step to formalize the business and ensure its recognition under the law. To begin the process, the partners must draft a partnership deed, which outlines the rights, duties, and profit-sharing ratio of each partner. This deed must be signed by all partners and, in some cases, notarized. Following this, the partnership firm must be registered with the Securities and Exchange Commission of Pakistan (SECP) under the Partnership Act, 1932. The registration process involves submitting the required documents, including the partnership deed, proof of identity of the partners, and a registration fee. Once registered, the firm obtains a legal identity, allowing it to open a bank account, enter into contracts, and operate smoothly within the business environment. Additionally, the partners must apply for a National Tax Number (NTN) and ensure compliance with local tax laws. Proper registration helps in protecting the rights of the partners, resolving disputes effectively, and gaining credibility in the market. https://waystax.com/registration-of-partnership-firm-in-pakistan/