Partnership firm

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2011 my brother is practicing ca from last two years and i have cleared c.a n m deciding to join him.
in this regard, i want to know how should we constitute partnership firm ??
should we form new partnership firm or else my brother should add me in his firm and then he should change constitution of his firm from proprietory firm to partnership ??
please help as early as possible

C.A.Javid Patel

C.A.Javid Patel (Expert)
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18 November 2011 The Second option is better where tell your brother to add you in the partnership firm and change the constitution of the Firm.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2011 sir thanx for the advice, but my brother is having a proprietorship firm not an partnership, so if we form a partnership firm, then will seniority of my brother's firm end ??

C.A.Javid Patel

C.A.Javid Patel (Expert)
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20 November 2011 NO please do the business on the name of firm which your brother has using currently and while preparing the firm profile you mentioned that ABC & CO has done so much work etc. and alsm mentioned in your brother profile work done by him.

Querist : Anonymous

Querist : Anonymous (Querist)

23 November 2011 sir i am still not clear...