How to Register an LLP in Pakistan – Step-by-Step Guide

A Limited Liability Partnership (LLP) is a business structure in Pakistan that combines features of a traditional partnership with the concept of limited liability and separate legal personality. It can be useful for professionals, consultants, family businesses, service providers, startups, and other businesses that want to operate through a registered legal entity while maintaining a partnership-based management structure.

In Pakistan, LLPs are registered with the Securities and Exchange Commission of Pakistan (SECP) under the Limited Liability Partnership Act, 2017 and the Limited Liability Partnership Regulations, 2018. SECP states that two or more persons associated for carrying on a lawful business with a view to profit may form an LLP.

The LLP registration process involves choosing and reserving a suitable name, preparing the LLP agreement and incorporation documents, submitting the incorporation application, paying the applicable government fee, and obtaining the registration certificate. SECP provides LLP forms and an online registration facility through its eZfile system.

This guide explains the LLP registration process in Pakistan, documents required, registration fees, name requirements, tax registration, post-registration obligations, and common mistakes applicants should avoid.

What Is an LLP in Pakistan?

A Limited Liability Partnership is a legal business structure in which the LLP has a legal identity separate from its partners.

This means the LLP can generally enter into contracts, own property, conduct business, incur liabilities, and undertake legal proceedings in its own name, subject to the applicable law.

SECP describes an LLP as having a status separate from its partners and perpetual succession. This makes it different from an ordinary partnership arrangement where the legal and operational relationship between the partners is structured differently.

An LLP is particularly relevant where two or more people want to work together in a formal business structure but do not necessarily want to establish a conventional private limited company.

The partners can agree on how the business will be managed, how contributions and profits will be handled, and how responsibilities will be divided through the LLP agreement, subject to the requirements of the law.

Which Law Governs LLP Registration in Pakistan?

The main legislation is the Limited Liability Partnership Act, 2017.

The registration and administrative framework is supplemented by the Limited Liability Partnership Regulations, 2018 issued by SECP. SECP continues to publish LLP forms and related regulatory material on its official website.

Applicants should use the current versions of forms, instructions and fee information published by SECP because regulatory procedures and online systems can change.

Who Can Form an LLP in Pakistan?

According to SECP's LLP incorporation guidance, any two or more persons associated for carrying on a lawful business with a view to profit may form an LLP.

The persons involved may need to provide identification and other information required by the registration process.

The exact requirements can depend on whether the proposed partners are Pakistani citizens, foreign nationals, individuals, or entities and whether the proposed business operates in a regulated sector.

For example, foreign participants may be required to provide passport or other prescribed documentation instead of a Pakistani CNIC.

LLP vs Traditional Partnership

An LLP should not be confused with an ordinary partnership firm.

A traditional partnership is generally dealt with under the Partnership Act, 1932 and registration is handled through the relevant Registrar of Firms.

An LLP, by contrast, is registered with SECP under the LLP Act, 2017.

An LLP also has separate legal personality and perpetual succession, which are important distinctions from an ordinary partnership structure.

The choice between the two structures should therefore be based on the intended business structure, liability arrangements, management requirements, tax position, compliance obligations, and professional advice where necessary.

LLP vs Private Limited Company

An LLP and a private limited company are both formal registered business structures, but they operate under different legal frameworks.

A private limited company is incorporated under the Companies Act, 2017, whereas an LLP is registered under the LLP Act, 2017.

An LLP is built around partners and an LLP agreement. A company is structured around shareholders, directors, share capital and constitutional documents.

The appropriate structure depends on the business and its intended ownership and management model.

Businesses expecting outside investors, share-based ownership or conventional corporate governance may consider a company structure. Professional partnerships and businesses wanting a partnership-based structure may consider an LLP.

There is no single structure suitable for every business.

Main Advantages of an LLP

An LLP may offer several practical advantages.

Separate legal identity

The LLP has a legal identity separate from its partners. This allows the business to operate as a distinct registered entity.

Perpetual succession

SECP describes LLPs as having perpetual succession. Changes involving individual partners do not necessarily mean that the LLP itself ceases to exist.

Partnership-based management

Partners can establish management arrangements through the LLP agreement, subject to applicable law.

Formal business identity

Registration gives the business a formal legal structure that can be useful when dealing with customers, suppliers, banks, regulators and other organizations.

Potential suitability for professional businesses

An LLP may be considered by consultants, professional service providers, technology businesses and other groups that want to operate jointly through a registered entity.

However, businesses operating in regulated professions or sectors should check whether additional licensing, approval or professional requirements apply.

Step 1: Decide Whether an LLP Is Suitable for Your Business

Before beginning the registration process, the proposed partners should decide whether an LLP is appropriate.

Consider:

• Number of partners

• Nature of business

• Expected investment

• Partner contributions

• Management responsibilities

• Profit-sharing arrangement

• Liability structure

• Future expansion

• Tax requirements

• Banking requirements

• Sector-specific licences

• Exit or retirement arrangements

• Admission of future partners

This decision should be made before submitting the application because the registration documents and LLP agreement need to reflect the proposed structure.

Step 2: Choose the Partners

Identify the people or entities that will become partners of the LLP.

The partners should agree on their respective roles and contributions before registration.

Important issues include:

• Who will manage the business?

• Who will be designated partner or partners?

• What will each partner contribute?

• How will profits be distributed?

• How will losses be handled?

• Who can sign contracts?

• Who can operate the bank account?

• How will disputes be resolved?

• What happens if a partner wants to leave?

• Can new partners be admitted?

• What happens if the business is dissolved?

Putting these matters in writing can reduce future disagreements.

Step 3: Select Designated Partners

The LLP registration framework provides for designated partners and related consent requirements.

The proposed designated partner or partners should understand their responsibilities before the LLP is incorporated.

SECP provides LLP Form-IV for consent to act as partner or designated partner.

Applicants should check the current statutory requirements when deciding who will hold this role.

Step 4: Choose an LLP Name

Choosing the business name is one of the first formal steps.

The name should comply with the LLP Act and Regulations and should not conflict with prohibited or already existing names.

SECP's LLP name-reservation form provides space for three proposed names in order of preference.

The proposed name should also use the acronym “LLP” as the last letters of the name, according to SECP's published LLP incorporation guidance.

Applicants should avoid names that are identical or confusingly similar to existing entities and names containing prohibited words or combinations.

Step 5: Check Name Availability

Before finalizing the name, check whether a similar LLP, company or body corporate already exists.

SECP's LLP name-reservation form specifically asks applicants to provide information where an LLP, company or body corporate with an identical or similar name already exists.

A name search can help reduce the risk of rejection.

However, availability should not be assumed merely because a name appears available in an online search. The final decision rests with SECP under the applicable legal and regulatory criteria.

Step 6: Reserve the LLP Name

The name reservation application is submitted to SECP using the prescribed process.

SECP's published LLP incorporation guide states that name reservation can be submitted online or physically using LLP Form-I.

SECP's current eZfile information also explains that users can select the option to reserve an LLP/company name and complete the relevant information through the online system.

The applicant should provide the proposed names, meaning or significance where requested, identification details and contact information.

How Long Is an LLP Name Reservation Valid?

Under the LLP Regulations, 2018, an approved name is available for 30 days from the date of availability. If the applicant does not submit the incorporation application and applicable fee within that period, the availability of the name is cancelled.

This makes it important to prepare the incorporation documents before or during the name-reservation stage rather than reserving a name and delaying the rest of the process.

Step 7: Prepare the LLP Agreement

The LLP agreement is one of the most important documents in the registration process.

It establishes the relationship among the partners and sets out important rules for running the business.

The agreement can address matters such as:

• Names and details of partners

• Capital contributions

• Partner responsibilities

• Profit and loss sharing

• Management powers

• Voting arrangements

• Bank-account authority

• Admission of new partners

• Retirement of partners

• Resignation

• Transfer of partnership interests

• Dispute resolution

• Confidentiality

• Business restrictions

• Meetings

• Accounting arrangements

• Dissolution

• Distribution of remaining assets

The agreement should be drafted carefully because it can affect the partners' rights and responsibilities throughout the life of the LLP.

Step 8: Have the LLP Agreement Properly Executed

SECP's incorporation guidance states that an attested copy of the LLP agreement, duly executed by the partners, witnessed and notarized, forms part of the incorporation documents.

The exact execution and documentation requirements should be checked against the current SECP requirements before submission.

Professional legal assistance may be useful when the partners have complex ownership arrangements, foreign participation, substantial investments or specialized business activities.

Step 9: Prepare Partner Identification Documents

Identification documents form an important part of the incorporation application.

SECP's published guidance lists copies of the NIC of partners/designated partners and, in the case of a foreigner, a copy of the passport among the incorporation documents.

Make sure names and identification details are consistent across:

• CNICs or passports

• LLP application

• LLP agreement

• Consent documents

• Authority letter

• Other supporting documents

Differences in spelling or identification information can cause delays or requests for clarification.

Step 10: Prepare Consent of Designated Partner

Where required, the relevant consent documentation should be completed.

SECP publishes LLP Form-IV – Consent to Act as Partner or Designated Partner as part of its LLP forms.

The applicants should use the current form and follow the latest instructions.

Step 11: Prepare the Authority Letter

If one person is authorized to submit the incorporation documents on behalf of the partners, the required authority letter should be prepared.

SECP's published incorporation guide lists an authority letter signed by all partners in favour of the person authorized to file the documents.

This is particularly important where the application is being handled by a representative or professional service provider.

Step 12: Submit the LLP Incorporation Application

After name reservation, the LLP incorporation application is submitted using the prescribed process.

SECP identifies LLP Form-III as the application for incorporation of an LLP.

The form includes information about the registered office, business objects and partners.

SECP's published Form-III includes fields for the LLP's registered office and business information and details of natural-person partners, including identification and residential information.

Step 13: Provide the Registered Office

The LLP needs a registered office address.

The address should be accurately entered in the incorporation application and supported by whatever evidence is required by the applicable process.

Use an address where official correspondence can be received and retained.

If the business is operating from rented premises, the partners should keep appropriate tenancy or ownership evidence because such information may also be relevant to tax and banking requirements.

Step 14: Describe the Business Objects

The incorporation application requires information concerning the nature of the main business and objects.

The description should accurately represent the activities the LLP intends to conduct.

Avoid unnecessarily broad, misleading or prohibited descriptions.

If the proposed business is regulated, check whether a separate licence, approval, registration, NOC or professional authorization is required.

Step 15: Provide Partner Information

The incorporation form requires information about the partners.

This can include details such as:

• Name

• Father or husband name

• CNIC or passport number

• Nationality

• Occupation

• Residential address

• Signature

The exact fields should be completed according to the current form and online system.

SECP's published LLP Form-III contains these categories of partner information.

Step 16: Pay the Applicable SECP Fee

Government fees apply to LLP registration.

SECP's published LLP incorporation guide currently states:

• Name reservation: Rs. 100 for online submission and Rs. 200 for physical submission.

• LLP incorporation: Rs. 1,000 for online submission and Rs. 2,000 for physical submission.

These figures are published by SECP, but applicants should check the current official fee schedule immediately before payment because government fees and procedures can be revised.

Additional costs may arise from matters such as documentation, notarization, professional assistance, licences, tax registrations or other services.

Step 17: Submit the Application Online Through SECP

SECP's eZfile system provides an online route for LLP name reservation and incorporation.

SECP's current FAQ explains that applicants can create a user ID, log into eZfile, select the option for LLP/company name reservation, enter the required information, complete mandatory fields, sign the application through the applicable PIN mechanism, submit it and pay the fee through available modes.

The exact appearance of the online system can change, so users should follow the current instructions displayed on the SECP portal.

Step 18: Review the Application Before Submission

Review all information carefully before clicking submit.

Check:

• LLP name

• Registered office

• Business objects

• Partner names

• CNIC/passport numbers

• Nationalities

• Addresses

• Designated partner information

• Email addresses

• Telephone numbers

• LLP agreement

• Authority letter

• Consent documents

• Fee information

Correcting an error after submission may require additional correspondence or regulatory filing.

Step 19: Monitor the Application

After submission, monitor the application status through the relevant SECP system and check the email address provided during registration.

SECP states that decisions and notifications relating to online applications are communicated through the system and generated through the provided email.

Applicants should respond promptly if SECP requests clarification, correction or additional documentation.

Step 20: Receive the LLP Registration Certificate

Once the incorporation process is successfully completed, the LLP receives evidence of registration/incorporation.

The certificate is important because it establishes the registered existence of the LLP.

Keep the certificate safely and maintain both digital and physical copies where appropriate.

Step 21: Obtain or Confirm Tax Registration

Registration with SECP and tax registration are related but should not be treated as identical processes.

FBR operates the Iris system for income-tax registration and issues NTN/registration credentials after e-enrollment.

SECP has also described integration of its company-registration information with FBR for NTN registration in its eZfile FAQs. Applicants should therefore check whether the LLP's information has been transmitted and whether an NTN has been issued rather than assuming that no further action is necessary.

The tax position of an LLP can depend on the applicable tax laws and circumstances of the business.

Step 22: Open the LLP's Business Bank Account

After registration, the partners can approach a bank to open an account in the LLP's name.

Banks may request documents such as:

• LLP registration/incorporation documents

• LLP agreement

• Partner identification documents

• Designated partner information

• Authority letter

• Registered business address

• Tax information

• Other KYC documents

SECP's AML/CFT material lists certified LLP documentation and identification information among documents relevant to opening an LLP account.

Bank requirements can differ, so confirm the checklist with the selected bank before visiting the branch.

Step 23: Obtain Sector-Specific Licences if Required

LLP registration does not automatically authorize every type of business activity.

Depending on the sector, the LLP may need additional registration, licence, NOC, professional membership or regulatory approval.

Examples can include businesses involving:

• Financial services

• Healthcare

• Education

• Construction

• Travel

• Import/export

• Telecommunications

• Real estate

• Professional services

• Food businesses

• Manufacturing

• Other regulated activities

The relevant federal, provincial or local authority should be checked before beginning a regulated activity.

Step 24: Maintain Proper Accounting Records

After registration, the LLP should maintain proper financial and business records.

These may include:

• Income records

• Expense records

• Bank statements

• Invoices

• Contracts

• Partner contributions

• Drawings

• Assets

• Liabilities

• Tax records

• Financial statements

• Regulatory filings

Good record keeping makes tax compliance and business management easier.

Step 25: Keep the LLP Agreement Updated

Changes in the partnership arrangement should be formally documented.

SECP publishes LLP Form-VIII for changes to the LLP agreement.

Do not rely only on an informal agreement between partners where a statutory filing or updated document is required.

Step 26: Report Changes in Partners

Changes involving admission or cessation of partners may require notification to SECP.

SECP publishes LLP Form-V – Notice of Induction and Cessation of Partners for this purpose.

The LLP should therefore maintain an accurate record of its partners and comply with applicable filing requirements whenever the partnership changes.

Step 27: Report Changes to the Registered Address

If the registered office changes, the LLP should follow the applicable statutory process.

SECP publishes LLP Form-VII – Change of Registered Address.

The LLP should not simply change its internal business address without considering whether a formal regulatory filing is required.

Step 28: Understand Ultimate Beneficial Ownership Requirements

LLPs can also have obligations concerning ultimate beneficial ownership information.

SECP publishes LLP Forms IX, X and XI relating to ultimate beneficial ownership information and changes.

The exact filing obligation depends on the applicable law and circumstances, so LLP partners should monitor SECP's current requirements.

Step 29: Comply With Annual and Other Regulatory Requirements

Registration is not the end of the LLP's legal obligations.

After incorporation, the LLP may have continuing filing, accounting, tax and regulatory responsibilities.

These can depend on the LLP's size, business activities, partners, tax status and applicable regulations.

Partners should maintain a compliance calendar so that important deadlines are not missed.

Step 30: Keep Copies of All Registration Documents

Create a secure business record containing:

• Name reservation approval

• Incorporation application

• LLP agreement

• Registration certificate

• Partner identification documents

• Designated partner consent

• Authority letter

• Tax registration records

• Bank documents

• Licences

• Regulatory filings

• Amendments

• Partner-change records

• Address-change records

Keeping a complete corporate record makes future compliance much easier.

Documents Required for LLP Registration

The exact document list should be checked against the current SECP requirements, but SECP's published LLP incorporation guidance identifies several important documents.

These include identification documents for partners/designated partners, an executed and notarized LLP agreement, consent of a designated partner where applicable, authority documentation, and the name availability letter.

Commonly relevant documents include:

• Proposed LLP names

• CNIC copies of Pakistani partners

• Passport copies for foreign partners where applicable

• LLP agreement

• Consent documents

• Authority letter

• Name availability documentation

• Registered office information

• Business-object information

• Fee-payment evidence where applicable

• Other documents required for special circumstances

Additional documents may be required for foreign participants, regulated activities, corporate partners or special cases.

LLP Registration Fees in Pakistan

The fee depends on the type of filing and whether it is submitted online or physically.

SECP's currently published LLP incorporation guide lists:

These figures are taken from SECP's published LLP incorporation guidance.

Because official fees can change, applicants should confirm the current amount through SECP before making payment.

The total cost of establishing an LLP may also be higher than the SECP filing fee because the partners may incur expenses for:

• Stamp or documentation requirements

• Notarization

• Legal drafting

• Professional services

• Tax-related services

• Business licences

• Regulatory approvals

• Bank-related requirements

How Long Does LLP Registration Take?

There is no single guaranteed processing time that applies to every LLP application.

Processing can depend on:

• Name availability

• Completeness of the application

• Accuracy of information

• Quality of supporting documents

• SECP queries

• Nature of the business

• Foreign participation

• Regulatory approvals

• Online system processing

Applicants should therefore avoid relying on an unofficial fixed number of days.

The fastest approach is generally to submit a complete and accurate application and respond quickly to any SECP query.

Can a Foreign National Become an LLP Partner?

Foreign participation may be possible, subject to the applicable Pakistani laws and regulatory requirements.

SECP's published LLP incorporation guidance specifically refers to passport copies for foreign applicants.

Foreign participants should also check immigration, investment, banking, tax, foreign-exchange and sector-specific requirements where applicable.

A foreign national should not assume that LLP registration alone provides permission to conduct every type of business activity in Pakistan.

Can an Existing Partnership Be Converted Into an LLP?

Yes, the LLP framework includes a mechanism for conversion.

SECP publishes LLP Form-VI – Application for Conversion of Firm or Company to LLP.

Conversion can involve additional documentation and legal requirements, so an existing firm or company considering conversion should examine the applicable provisions before beginning the process.

Can a Company Be Converted Into an LLP?

The LLP forms published by SECP include a conversion application covering a firm or company.

However, conversion should not be treated as a simple change of business name. It can affect contracts, assets, liabilities, licences, tax matters, banking arrangements and other legal relationships.

Professional advice can be appropriate where the existing business has substantial assets, employees, loans, contracts or regulatory approvals.

Common Reasons for LLP Registration Rejection or Delay

Applicants can reduce problems by checking the application carefully.

Common issues can include:

Similar business name

A proposed name may be too similar to an existing registered entity.

Incorrect partner information

Spelling differences or incorrect CNIC/passport information can create problems.

Incomplete LLP agreement

The agreement should be properly prepared, executed and documented.

Missing documents

A missing authority letter, consent, identification document or other required attachment can delay processing.

Incorrect business activity

The proposed objects should accurately describe the intended lawful business.

Unclear registered office

The registered address should be entered accurately.

Incorrect fee payment

The correct fee and payment method should be confirmed before submission.

Delayed response

If SECP requests clarification, failing to respond promptly can delay the application.

Important Tips Before Registering an LLP

Prepare the agreement first

Do not treat the LLP agreement as an afterthought. Partners should understand their rights and obligations before registration.

Check the name carefully

Prepare three suitable names instead of relying on one name.

Keep identification information consistent

Use the exact spelling and identification information appearing on official documents.

Check regulated-business requirements

If the proposed activity is regulated, determine the required licence or approval before commencing operations.

Verify fees before payment

Use the latest SECP fee information rather than relying on an old article or social-media post.

Keep the email active

The email used for registration should be monitored regularly.

Maintain a compliance calendar

Record tax, regulatory and filing deadlines after incorporation.

Is an LLP Suitable for Every Business?

No.

An LLP can be useful for some businesses, but it is not automatically the right structure for every entrepreneur.

The decision should consider:

• Number of owners

• Desired management structure

• Investment plans

• Liability considerations

• Tax treatment

• Regulatory requirements

• Future investors

• Financing needs

• Business succession

• Compliance requirements

A business expecting substantial external equity investment may have different structural requirements from a professional partnership or closely held service business.

Final Checklist for Registering an LLP in Pakistan

Before submitting an application, the partners should make sure they have:

• Selected the LLP structure

• Identified all partners

• Identified designated partner(s) as required

• Selected three proposed names

• Checked name requirements

• Reserved the name

• Prepared the LLP agreement

• Executed and notarized the agreement where required

• Prepared identification documents

• Prepared consent documents

• Prepared the authority letter

• Confirmed the registered office

• Prepared the business objects

• Completed LLP Form-III or the applicable online application

• Checked all partner information

• Paid the correct fee

• Submitted the application

• Monitored SECP correspondence

• Obtained the registration certificate

• Checked tax/NTN status

• Opened a business bank account where required

• Obtained sector-specific licences where applicable

• Established accounting records

• Maintained corporate documents

• Recorded compliance deadlines

• Updated SECP when partners or other registered information changes

Conclusion

Registering an LLP in Pakistan is a formal SECP registration process governed primarily by the Limited Liability Partnership Act, 2017 and the LLP Regulations, 2018.

The process starts with selecting suitable partners and a compliant business name. The name is reserved with SECP, followed by preparation of the LLP agreement and incorporation documents. The incorporation application is then submitted with the applicable fee and supporting documents.

Once the LLP is registered, the partners should not consider the process finished. The business may still need tax registration, a business bank account, sector-specific licences, accounting records and continuing regulatory compliance.

Because SECP procedures, fees and online systems can change, applicants should always confirm the latest requirements directly from SECP before submitting an application. FBR requirements should likewise be checked for the LLP's tax position and registration.

For official information, applicants should use SECP's LLP resources and the FBR's current tax-registration guidance rather than relying solely on older third-party articles.

Guide Information

Step-by-Step Process

1. Decide whether an LLP is the appropriate business structure.

2. Identify the persons who will become partners.

3. Confirm that the proposed business will conduct a lawful activity.

4. Determine the intended management structure.

5. Identify the designated partner or partners as required.

6. Discuss the proposed partner contributions.

7. Agree on the proposed profit-sharing arrangement.

8. Decide how business decisions will be made.

9. Discuss how the LLP bank account will be operated.

10. Decide how new partners can be admitted in the future.

11. Discuss procedures for resignation or retirement of a partner.

12. Discuss how disputes between partners will be handled.

13. Select potential LLP names.

14. Prepare three name options in the required order of preference.

15. Check the proposed names for similarity with existing entities.

16. Check the proposed names against SECP's prohibited-name requirements.

17. Ensure the proposed name uses LLP as required.

18. Create an SECP eZfile user account for the online process.

19. Start the LLP/company name-reservation process in eZfile.

20. Enter the proposed LLP names.

21. Provide the required name meaning/significance information where requested.

22. Enter the applicant's identification and contact information.

23. Submit the name-reservation application.

24. Pay the applicable name-reservation fee.

25. Monitor the name-reservation application.

26. Obtain the name-availability approval.

27. Note the 30-day name-availability period.

28. Prepare the LLP agreement.

29. Set out the partners' contributions in the LLP agreement.

30. Define profit and loss arrangements.

31. Define management and decision-making arrangements.

32. Define partner rights and responsibilities.

33. Define admission and retirement procedures.

34. Define dispute-resolution arrangements.

35. Execute the LLP agreement.

36. Arrange witnessing and notarization where required.

37. Collect CNIC copies of Pakistani partners.

38. Collect passport copies for foreign partners where applicable.

39. Prepare designated-partner consent documentation where required.

40. Prepare the authority letter where an authorized filer is being used.

41. Confirm the registered office address.

42. Prepare the proposed business objects.

43. Open the LLP incorporation application using LLP Form-III or the applicable online process.

44. Enter the approved LLP name.

45. Enter the registered office details.

46. Enter the principal business activity and objects.

47. Enter the required partner information.

48. Enter designated-partner information where required.

49. Upload or provide the LLP agreement and supporting documents.

50. Review all identification numbers and names.

51. Check the registered office information.

52. Check the business-object information.

53. Confirm all required documents are attached.

54. Calculate and confirm the applicable incorporation fee.

55. Submit the incorporation application.

56. Pay the applicable incorporation fee.

57. Monitor the SECP application status.

58. Respond promptly if SECP requests clarification or additional documentation.

59. Correct any issue identified by SECP through the prescribed process.

60. Obtain the LLP registration/incorporation certificate after approval.

61. Save the certificate securely.

62. Check the LLP's tax-registration/NTN position.

63. Complete any additional FBR registration or compliance required for the LLP.

64. Establish the LLP's accounting and record-keeping system.

65. Approach a bank to open an LLP business account.

66. Provide the bank with the LLP's registration documents and required KYC information.

67. Obtain any required sector-specific licence or approval.

68. Maintain the LLP agreement and registration documents.

69. Record future changes in partners according to the applicable SECP process.

70. File applicable notices and regulatory documents on time.

71. Update the registered address when it changes through the prescribed procedure.

72. Update the LLP agreement when amendments are made.

73. Maintain ultimate-beneficial-ownership information where applicable.

74. Maintain tax records and meet applicable filing obligations.

75. Review SECP and FBR requirements periodically to ensure ongoing compliance.