Service

Starting a business involves several important decisions, and one of the most critical choices is determining the appropriate legal structure for your company. Business incorporation is the process of legally forming a separate entity for your business, providing numerous benefits such as liability protection, tax advantages, and enhanced credibility.

At TaxPack.pk, we offer comprehensive business incorporation services to help entrepreneurs establish their companies with ease and confidence. Our experienced team of professionals understands the intricacies of business formation and will guide you through the entire process, ensuring compliance with all legal requirements and optimizing your tax position.

Our Audit and Assurance Services Include:

1. Entity Selection and Structure: We assist you in selecting the most suitable business entity for your specific needs, taking into consideration factors such as liability protection, tax implications, management flexibility, and future growth plans. The common entity types we can help you establish include:

   • Sole Proprietorship: A business owned and operated by a single individual.
   • Partnership: A business owned by two or more individuals who share profits and liabilities.
   • Limited Liability Company (LLC): A hybrid entity that combines the benefits of a corporation and a partnership, offering limited liability protection and flexibility in taxation.
   • Corporation: A separate legal entity with shareholders, offering limited liability protection and potential tax advantages.

2. Name Reservation and Registration: We assist you in selecting a unique and suitable business name, ensuring it complies with legal requirements and is available for use. We handle the reservation and registration process with the relevant government authorities, ensuring proper documentation and compliance.

3. Preparation of Legal Documents: We prepare all the necessary legal documents required for business incorporation, including articles of incorporation, partnership agreements, operating agreements, bylaws, and shareholder agreements. These documents outline the structure, rights, and responsibilities of the business and its owners.

4. Obtaining Tax Identification Numbers: We guide you through the process of obtaining relevant tax identification numbers, such as the National Tax Number (NTN) and Sales Tax Registration Number (STRN). These numbers are essential for tax compliance and conducting business activities in Pakistan.

5. Compliance with Regulatory Requirements: We ensure compliance with all legal and regulatory requirements specific to your industry and business activities. This includes obtaining necessary licenses and permits, adhering to zoning regulations, and fulfilling any industry-specific compliance obligations.

6. Tax Planning and Consultation: Our team of tax experts provides personalized tax planning and consultation services to optimize your tax position. We analyze your business structure and advise you on tax strategies to minimize tax liabilities, take advantage of available incentives, and ensure compliance with tax laws.

7. Ongoing Support and Maintenance: We offer ongoing support and maintenance services to help you navigate the complexities of running a business. Our team is available to address any questions or concerns you may have regarding compliance, tax obligations, and regulatory changes.