Understanding Basics With a Corporate Lawyer in Pakistan
Entrepreneurs and companies looking to establish a solid foundation and manage their ongoing operations are dealt with under corporate law in Pakistan. Corporate legal services in Pakistan have a wide scope. Here, we will discuss the basics related to the registration of companies, businesses, associations of persons, partnership firms, and income tax return filing. At M/s Legally-Ethically-Expertly (LEX), one of the top corporate law firms in Pakistan, we aim to support businesses through every stage, from initial registration to day-to-day legal needs. Our aim is to simplify the legal processes involved in setting up and maintaining a company.
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Governing Corporate Law in Pakistan
Several major laws govern corporate activities in Pakistan, each addressing different aspects of business regulation and compliance. Some of the main legislations are as under:
This is the basic and main legislation under which a company is registered, managed, and governed under Pakistan corporate law.
This is the older version which was later replaced by the Companies Act of 2017, but it still influences certain legacy practices.
This Act regulates securities, market activities and protection of investors.
This piece of legislation outlines tax obligations and governs the taxation of business income and its filing.
Provides guidelines for limited liability partnerships registration and regulation.
This Act regulates partnership firms, also known as the Association of Persons.
legislation therein deals with capital markets effectively, oversee corporate entities, and address related matters.
You can click the above laws to read them or download in PDF. However, the legislation is also available on many government websites.
Basics of Establishing Business Entity Under Pakistan Corporate Law
Among the top corporate law firms in Pakistan, LEX provides guidance and assistance to those looking to establish their corporate entity, set up a new business, and maintain it in compliance with regulatory authorities and legal requirements. Following are the services that cover initial business setup and tax compliance.
Company Registration and Incorporation
Starting a company, especially when it comes to the registration and incorporation process, can be overwhelming. That’s where we come in—our corporate law services handle every detail of company registration in Pakistan, whether you’re setting up a public or private limited company. We take care of the paperwork, filings, and other legal requirements. So, you can focus on thriving your business while we manage the formalities to keep everything legally sound and compliant. This is ideal for medium to large business setups.
Partnership Firm and AOP Registration
A business that does not operate as a company or corporation but functions as a partnership or Association of Persons (AOPs). Our services extend to partnership firm setups and AOP registrations as well. A partnership setup can be ideal for small to medium-sized businesses, but it must be legally sound and compliant with relevant laws, so the liability of partners and sharing profit must be just and proper.
Sole Proprietorship Setup and Business Name Search
For individuals seeking to start a business without establishing a single-member company, a sole proprietorship is often the ideal choice. We guide registering a sole proprietorship, helping you quickly establish your business under your chosen business name. this is the quickest way to start your business.
Drafting Articles of Association and Memorandum of Association (AOA and MOA)
A crucial part of establishing a company is drafting the Articles of Association (AOA) and Memorandum of Association (MOA). Many people rely on stereotyped versions during registration and face issues down the road. Since these documents define the company’s purpose and structure, they need to be crafted with care. Our team specializes in preparing these essential documents, making sure they align with your business goals and meet corporate law standards.
Online Registration and Incorporation Support
In today’s digital age, many business processes, including registration, are now handled online, making it easier than ever for both local and overseas entrepreneurs, including those with the Securities and Exchange Commission of Pakistan (SECP), even one can verify its company incorporation online. We provide seamless support for online business name search to online company registration for locals, overseas Pakistani and foreign nationals wants to setup business in Pakistan.
NTN Registration and Income Tax Return Filing
Whether a sole proprietorship, AOP, partnership firm, or company, one of the first essential steps for any business is to acquire a National Tax Number (NTN) for taxation, our assistance covers the complete process, including NTN registration and income tax return filing, so your business is ready to operate legally and smoothly.
Secure, Compliant, and Ready for Growth – Partner with LEX
At M/s Legally-Ethically-Expertly (LEX), we aim to provide reliable, comprehensive, and client-centered corporate legal support. Whether you’re starting a new business or managing an ongoing business. Our goal is to simplify corporate law, enabling you to focus on growing your business.
Note:
M/s Legally-Ethically-Expertly (LEX), a leading law firm with experienced lawyers, provides this article’s information for public awareness through our website, lex.com.pk. We strive to offer valuable insights to the general public but emphasize that this content should not be considered legal advice. Additionally, please note that the information provided here may be outdated as laws are amended regularly or may contain human error; therefore, we recommend not relying solely on this content. For personalized guidance or the most up-to-date information, we encourage our valued readers to contact our expert family lawyers in Pakistan by calling or WhatsApp at +92-310-8888539 or emailing info@lex.com.pk. We are here to assist with tailored solutions.