CA Partnership or Proprietorship
This query is : Resolved
23 October 2019
I am a newly qualified CA.
Me and Other 2 Friends thinking over to start partnership firm all at different places/states.
Karnataka
Maharashtra
Goa
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?
Me and Other 2 Friends thinking over to start partnership firm all at different places/states.
Karnataka
Maharashtra
Goa
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?
CA R SEETHARAMAN
(Expert)
25 October 2019
Yes, Partnership Firm give you Edge over Grabbing Work. You will be able to get Like Bank Audits, PSU Audits, Tenders etc
25 October 2019
@ CA R SEETHARAMAN sir, but will waiting period of 3 years as applicable to proprietor apply to Partnership also?
CA R SEETHARAMAN
(Expert)
26 October 2019
Yes......................
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