CA Firm vs Indivitual

anilwyd (77 Points)

16 November 2010  

Hi,

What is the rationale behind starting CA Proprietorship Firm? That is , if Mr CA abcd wants to practice :

He can do indivitually and put up name as CA Abcd, Charrtered Accountant

or

 

he can start proprietorship and name as ABCD & Assocaites , Chartered Accountants

 

I wish to know why some one stats proprietorship firms ?

 

Is there any advantage over other form ?

 

Please share your views.