Status of business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2014
Dear All,
There are two brothers carrying on a teaching activity jointly under one name.so whether it should be treated as partnership firm?
What if we don't want to treat it as partnership firm.Can we treat it in individuals name by entering into MOU??or any other options we have???
There are two brothers carrying on a teaching activity jointly under one name.so whether it should be treated as partnership firm?
What if we don't want to treat it as partnership firm.Can we treat it in individuals name by entering into MOU??or any other options we have???
Rupesh Jain
(Expert)
08 April 2014
for business doing as partnership
for that PARTNERSHIP DEED IS REQUIRED.
otherwise treat as proprietorship and then you can pay salary to another brother .
for that PARTNERSHIP DEED IS REQUIRED.
otherwise treat as proprietorship and then you can pay salary to another brother .
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