A Partnership Firm formed under Partnership Act 1932 in Lahore under which two or more people join together to commence a business to share profit and loss. Profit and loss are divided based on written Agreement signed between the Partners, which known as Partnership Deed.

Registration of Partnership Firm in Lahore protects the legal rights of partners in case of disputes arises. In the case of registered partnership firm legal action in a court of law is taken against the convicted party found in any dispute, and this is enforceable in any court of law.