How to register a partnership business

In Bangladesh, partnerships are governed by the Partnership Act, 1932. The registration process is not mandatory but it is recommended because it provides legal proof that can be useful in the event of a dispute.

Here are the general steps to register a partnership in Bangladesh:

  1. Draft a Partnership Deed: This is the primary document that outlines the terms and conditions of the partnership. It should include details like the names of the partners, the nature of the business, the amount of capital contributed by each partner, profit and loss sharing ratio, and so on. It is advisable to have this partnership deed drafted by a legal expert to ensure all bases are covered.
  2. Notarize the Partnership Deed: The partnership deed should be notarized, which means it should be signed in front of a Notary Public. This adds an extra layer of validation and authenticity to the document.
  3. Register with the Registrar of Joint Stock Companies and Firms (RJSC): While not mandatory, it is advisable to register the partnership with the RJSC. The application should be submitted with the prescribed form along with the necessary documents, including the partnership deed, and the registration fee.
  4. Register for Tax: Apply for a Tax Identification Number (TIN) from the National Board of Revenue. This is mandatory for tax purposes.
  5. Obtain a Trade License: A trade license can be obtained from the local authority or city corporation where the business is located. The application should be submitted along with the necessary documents and fees.
  6. Open a Bank Account: After obtaining the partnership registration, you should open a bank account in the name of the partnership. The bank will require certain documentation, including the partnership deed and proof of registration.


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