A  partnership firm is an official agreement between two or more people to run a business together and split the profits.

Partnership Agreement is well known as Partnership Deed. Usually following terms and conditions are including in a Partnership Deed

• Name, Present Address, Permanent Address of the Partner.
• Name of the Partnership Firm
• Nature of Business
• Business Address
• Duration of Partnership
• Share of profit taken by each Partner
• Amount of capital contribution of each partner
• Terms of Retirement
• Mode of Management
• Interest of Borrowings
• Dissolution of Partnership

Members & Management

• There must be a minimum of 2 partners and maximum of 20 partners.
• The partners can be natural persons or companies.
• Unlike private or public limited companies, a partnership in Bangladesh does not have directors, shareholders or secretaries, instead the partners own and run the business.

Partnership Registration Documents Required In Bangladesh:

A partnership firm may register later on or even at the moment of formation. The RJSC should receive an application with the following details included:

• Take Name Clearance Certificate of the Organization Firm
• Date of Foundation of the Organization Firm
• Term of the Organization Firm
• Vital put of trade with full Address
• Joining Date of Accomplices
• Particulars of Accomplices
• Particulars of Trade
• Application must be submitted on the endorsed Shape– I

After completing partnership registration in Bangladesh to start operating your business you should get the following documents:

• Trade License
• TIN Certificate for your newly Registered Partnership Firm.
• Bank Account
• VAT Registration Certificate
• Import Registration Certificate (In case of Import Business)
• Export Registration Certificate (In case of Export Business)