Step 1: Choose a Business Name

• The name should be unique and not similar to existing businesses.
• Ensure the name aligns with the Bangladesh Trade Marks Act to avoid legal issues.

Step 2: Draft a Partnership Deed

• A Partnership Deed is a legal document outlining the terms of the partnership.
• It should include:
  • Name and address of the firm and partners
  • Nature of business
  • Capital contribution of each partner
  • Profit-sharing ratio
  • Duties and responsibilities of partners
  • Dispute resolution method
  • Dissolution procedure

Step 3: Pay Stamp Duty

• The Bangladesh Stamp Act, 1899 requires the deed to be stamped.
• Stamp duty depends on the capital contribution.

Step 4: Register the Partnership Firm (Optional but Recommended)

• Register with the Registrar of Joint Stock Companies and Firms (RJSC).
• Documents required:
  • Application Form
  • Partnership Deed (signed and stamped)
  • Partners’ NID/Passport copies
  • Address proof of the business
  • Bank statement (if applicable)
• Pay the registration fee and submit the documents.

Step 5: Obtain a Trade License

• Apply at the local City Corporation/Union Parishad.
• Submit necessary documents, including:
  • Partnership Deed
  • National ID of partners
  • Rental agreement (if applicable)
  • Fee payment

Step 6: Register for Taxes (TIN & VAT)

• Obtain a Taxpayer Identification Number (TIN) from the National Board of Revenue (NBR).
• If the business meets VAT requirements, register for VAT.

Step 7: Open a Bank Account

• Open a partnership business bank account in the firm’s name.
• Banks usually require the Partnership Deed, TIN, and Trade License.

Step 8: Comply with Business Regulations

• If applicable, obtain additional licenses (e.g., Food License for a restaurant business).
• Follow labor laws and employment regulations.

Final Notes:

• Registration is not mandatory, but it gives legal protection.
• For legal and tax matters, consulting a business consultant.