1. Private Limited Company Registration
An Private Limited Corporation is among the most loved and sought-after businesses in Pakistan. It provides the protection of limited liability, which means your personal assets remain distinct from your company’s obligations. This kind of business is a great choice for small and medium-sized companies that want to grow without putting too much risks. SECP’s registration process SECP assures your business is legalized as well as allowing you to enjoy advantages of having a well-planned and well-organized business structure.
Benefits of Private Limited Company:
Protection from limited liability for shareholders
Capability to raise money from investors
Legally distinct from the owner
More trust and credibility on the market
2. Single Member Company Registration
It is a Single Member Company (SMC) offers an unique chance for entrepreneurs looking to set up a business with just one shareholder. The SMC offers all the advantages of the advantages of a Private Limited Company, but it also allows for the possibility of one owner. SECP registration for SMC SECP registration of SMC simplify the process of beginning a company while providing legal protection to the proprietor.
Benefits of Single Member Company:
Limited liability protection to the sole shareholder
A simplified Management structure
Control of all the business choices
Tax advantages and exemptions are available subject to certain conditions
3. Limited Liability Partnership (LLP) Registration
A Limited Liability Partnership (LLP) is a hybrid business model that blends the flexibility and versatility of a partnership and the protection from liability that a corporation offers. It’s ideal for professionals like accountants, lawyers and consultants who would like to share the profits and obligations and limit the personal responsibility. By registering an LLP with SECP is a guarantee that your partners and you are secure and the company is in full compliance with laws.
Benefits of Limited Liability Partnership:
Limited responsibility for the entire partnership
Flexible profits-sharing agreements
Ideal for service-oriented and professional firms
A simple registration and maintenance process
4. Partnership or Association of Persons (AOP) Registration
The partnership also known as Association of Persons (AOP) is a popular option for companies with several owners looking to share the profits and responsibility. It does not offer the same level of liability as an LLP or a Private Limited Company or LLP but it offers freedom in managing the company. SECP the registration guarantees that your company is legal and recognized, as well as that it is in compliance with the legal rules that govern the partnership industry in Pakistan.
Benefits of Partnership or AOP:
A simple and economical organization arrangement
Resources and responsibilities shared among Partners
Simple to establish and manage
A separate legal entity is not created from the two partners.
5. Non-Profit Organization (NPO) Registration through SECP
If you or your group is planning to start an Non-Profit Organization (NPO), SECP registration is vital. Non-profit organizations are focused on cultural, social, or charitable purposes, not earning a profit. Registration of your NPO through SECP is a legal entity which allows the organization to raise money as well as provide services to make positive changes in society, and all while maintaining that you are in compliance with the regulations in Pakistan.
Benefits of NPO Registration:
Legal recognition and trustworthiness
Possibility to be able to get donations and grants
Exemptions of tax for charitable purpose
An operational and clear framework for governance
Why Choose Libra Tax Consultant & Legal Advisor?
At Libra Tax Consultant & Legal Advisor, We provide comprehensive assistance to guide you through the complicated process of SECP registration. Our experts will assist you through every step of the way starting with choosing the best organization structure to filing all the required paperwork before making your application available to SECP. We will ensure that your company adheres to all the legal requirements giving you assurance that you can concentrate on the most important thing: growing your business.
Why should you choose our company?
Highly experienced and well-informed consultants
Rapid and efficient solutions that are timely and efficient
A customized approach to meet the needs of your business
100% conformity with SECP Regulations
Effective solutions that cost less
If you’re in the process of registering your company or require assistance in one of the SECP process, Libra Tax Consultant & Legal Advisor can assist you. Call us now to begin!
