LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

difference between and individual C.a and asoociates

Naitik (Student CA IPC / IPCC) (26 Points)

20 March 2018

what are the differences between an individual C.a and a c.a who has opened a
proprietorship firm as an associate?

Reply
Follow
Share

2 Replies

aditi dadhichi (1339 Points)
Replied 05 April 2018

Ca can practice in his name as sole practitioner CA NAITAIK , as sole PROPRIETOR CA NAITAIK AND ASSOCIATES as well as a partner in a FIRM, GUPTA AND VERMA ASSOCIATES

Rahul Prajapati (Student) (2282 Points)
Replied 05 April 2018

A firm with name XYZ & co. Indicates that the firm is a partnership firm where the partners jointly carry on their professional engagement from same place of business and sign on behalf of the firm.

Whereas, when the name is XYZ & Associates, it indicates that different professionals and practioners draw business from the market in the name of XYZ & Associates but engage in the project in their individual name and sign in an individual capacity & may have different place of work than XYZ. It is like a cartel of smaller firms to compete with the bigger partnership firms.

Hope its clear :)