Propetorship
This query is : Resolved
Rakesh B. Surve
(Querist)
26 January 2014
can 4 persons be a proprietors in a same business? and if yes , what will be the accounting proceedure ?
rakesh b surve
mehulmukati
(Expert)
28 February 2014
No 4 people cannot a proprietors of the same business. By definition, proprietor is always "sole proprietor".
However 4 people can be owners of the same business as partners of a partnership firm.
However 4 people can be owners of the same business as partners of a partnership firm.
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