Practicing chartered accountant and also business!

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 Need an advice regarding how to run a trading business besides being a practicing chartered accountant.

I have taken full time COP and registered a Proprietorship CA firm at Kolkata (I being the proprietor). Besides this, I also want to run my father's proprietorship firm of trading in surgical products. What are the options available for me?

Can I covert the trading firm into a One Person Company / Private Ltd Co and become a director OR, into a LLP and become a partner, while simultaneously be a proprietor in my CA Firm?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 June 2016 Take the permission from the institute and run the business as it is.

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 I think institute if gives permission for other engagements then the COP becomes part time and I'll not be able to perform attest functions

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 By mistake this query was marked as resolved

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 June 2016 I agree with your view,

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2016 Then sir what is the way out? I want to have Full Time COP

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