Partnership firm or proprietorship firm
This query is : Resolved
31 August 2019
One of my friend is running a ca proprietorship firm from last 2 years but from a growth and opportunity perspective I want to enquire whether it should be converted into partnership firm or not??
Are there any additional benefits attached to the partnership forms than proprietorship firm.
And most importantly what will be the additional compliances for a partnership firm.
So the question is what is more beneficial partnership or proprietorship firm?
Are there any additional benefits attached to the partnership forms than proprietorship firm.
And most importantly what will be the additional compliances for a partnership firm.
So the question is what is more beneficial partnership or proprietorship firm?
CA R SEETHARAMAN
(Expert)
31 August 2019
Convert it as firm for more opportunity for bank audits and company audits.
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