Cop and business.

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Hello every1... Can a CA holding COP giving only consulting services enter into a business on his own name. ?
Replies (6)

Part time COP haven't much benefits,
You can only provide consultancy to clients but you can not perform Audits or attest function.

Alternatively, You can not sign as a Chartered Accountant on the reports..

Sir what to do... I am in dilemma. I just wanted to indulge myself into my family business. But on the same tym I wanna contribute smething into CA career. So please help me that what can I do...??
Originally posted by : Basudev somani
Sir what to do...
I am in dilemma. I just wanted to indulge myself into my family business. But on the same tym I wanna contribute smething into CA career. So please help me that what can I do...??

If the family business is already settled; then it is fine for you. With your professional skills you would be able to take your family business to new heights.

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Start afresh is the need of those who don't have any scope.

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Ultimately professionals help in business in the form of consultancy. Isn't it better to apply your skills for your own business?

 

 

Thanks a lot sir for the recommendation. Of course I wanna take my business to a new level. But as a fetish of Taxation and SFM. How can I contribute to some the same.

For that you can hire the services of a professional. These are much cheaper than your OPPORTUNITY COSTS if you involve directly there.

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Continue attending Seminars and Conferences to know latest trends in chartered accountancy profession.

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Don't miss to read CHARTERED ACCOUNTANT monthly journal.

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Without fail read BUSINESS INDIA. This way you will know the big business plans of conglomerates and their problems which they face and how they resolve. Case studies which is tought at IIMs; you will easily find there.

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Share your experience after reading 4 such magazines.

Originally posted by : Aryan Singhania (Pallav)
Part time COP haven't much benefits,
You can only provide consultancy to clients but you can not perform Audits or attest function.

Alternatively, You can not sign as a Chartered Accountant on the reports..

I am fully agree with Aryan..

 

 

 

 

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