Business Formation
Business formation is a necessary early step when starting a business, whether you’re registering a simple proprietary concern, incorporating or forming a partnership.
Formation of Business is initial step in starting any business. It has been observed that entrepreneurs must juggle countless tasks and competing priorities well before they open office, including the creation of a legal structure. Business formation is a necessary early step when starting a business, whether you’re registering a simple proprietary concern, incorporating or forming a partnership.
The way in which your business is formed will determine the personal liability of the founders, how taxes will have to be paid, and other important details. For example, a sole proprietor typically makes decisions on her or his own, while a partner in a partnerships must get approval from all other partners prior to making major decisions for the company.
The main business legal structures are:
TDP will help you to get started with the process of creating a legal structure for your new business either compliances are obligatory with Federal Board of Revenue, Registrar of firms, Securities & Exchange Commission of Pakistan.
