We are five equal financial share partners and want to start a new private non-listed company. We also will have no shares issued. It is only a partnership firm type so will our company need to register with SECP and how can we have equal authority of all the partners involved meaning that all partners be M.D or CEO like international companies such as Oracle.
1 Answer from Attorneys
you are discussing two separate commercial entities , one is partnership firm and other is private limited company. both are distinct. first make up your mind which one will be your choice than other modalities can be discussed.
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