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CA Partnership or Proprietorship

This query is : Resolved 

I am a newly qualified CA.

Me and Other 2 Friends thinking over to start partnership firm all at different places/states.

2 of us Recently Registered as Member of ICAI
1 of us is having a membership & proprietorship firm since 2016.

We will be having our own practice in our places, making Partnership just to Gain more work(Like Bank Audits, PSU Audits, Tenders etc)

Will making Partnership Firm give us Edge over Grabbing Work? Also What more we gain when we do Partnership over Proprietorship?

Yes, Partnership Firm give you Edge over Grabbing Work. You will be able to get Like Bank Audits, PSU Audits, Tenders etc

@ CA R SEETHARAMAN sir, but will waiting period of 3 years as applicable to proprietor apply to Partnership also?


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