🏢 Business Formation
✅ Sole Proprietorship Registration in Pakistan
Start Simple. Grow Smart.
At Yahya Rashid & Co., we help entrepreneurs, freelancers, and startups easily register sole proprietorship businesses in Pakistan—the most common and beginner-friendly business structure in the country.
🔍 What is a Sole Proprietorship?
A sole proprietorship is the simplest form of business ownership in Pakistan. It is an unincorporated entity owned and managed by a single individual. Over 80% of Pakistani businesses operate as sole proprietorships due to its advantages:
- Easy registration process
- Minimal documentation requirements
- Low capital investment
- Complete operational control
Limitation: Unlimited personal liability, meaning the proprietor is personally responsible for business debts, obligations, and legal liabilities.
⚖️ Legal Characteristics
- Not a separate legal entity
- Unlimited liability
- Single tax filing (business income included in individual return)
- No audit requirement (unless specified by law)
🎯 When to Choose Sole Proprietorship?
- Freelancers, consultants, small traders
- Retailers and service providers
- First-time entrepreneurs
- Businesses with low legal risk and limited capital
📋 Step-by-Step Process
- Choose a business name
- Obtain NTN from FBR
- Design business identity (letterhead, card)
- Open business bank account
- Get maintenance certificate
- Optional: GST registration
📄 Documents Required
- CNIC copy of sole proprietor
- Business name & nature
- Business letterhead
- Electricity bill
- Rent agreement (if applicable)
- Mobile & Email (unused with FBR)
⚙️ Tax & Compliance
- Tax filing: included in personal return
- GST: monthly returns if registered
- Banking: dedicated business account mandatory
🤝 Our Services
- NTN issuance
- Complete sole proprietorship setup
- Bank account support
- GST registration (if required)
- Ongoing compliance & tax filing
📞 Get Started
Email: info@yrclegal.com | Phone: +92 333 4287640 | www.yrclegal.com
Business Formation – Partnership Firm Registration
At Yahya Rashid & Co., we offer expert legal assistance for Partnership Firm Registration in Pakistan.
✅ What is a Partnership Firm?
A business entity formed by 2+ individuals sharing profits & liabilities. Governed by Partnership Act 1932.
📝 Registration Process
- Draft deed on Rs.1000 stamp paper
- Fill Form-I
- Deposit registration fee challan
- Attach CNICs of partners & witnesses
- Notarize documents
- Submit to Registrar of Firms
- Verification (7 working days)
📂 Required Documents
- Firm name & nature
- CNICs of partners & witnesses
- Partnership deed
- Business address
- Investment contributions
⚖️ Our Services
- Drafting customized partnership deeds
- Negotiation of partner terms
- Registrar filings
- Legal advisory
Private Limited Company Registration
Secure and legally recognized under Companies Act 2017. We handle full incorporation process with SECP.
📌 Why Register a Pvt Ltd?
- Limited liability
- Separate legal identity
- Credibility & trust
- Capital investment access
- Tax benefits & govt incentives
🛠 Steps
- Create SECP e-services account
- Search & reserve name
- Draft MoA & AoA
- Submit incorporation docs via SECP portal
- Receive certificate (24–48 hrs)
🎯 Advantages with YRC Legal
- SECP representation
- Expert drafting
- Tax & compliance guidance
- Trademark/IP advisory
- Bank account assistance
- Post-incorporation filings