Partner in two Firms

986 views 2 replies

Hi all

I have an enquiry here, if anyone can help.

Can same person be partner in two firms in same field of business.

Replies (2)

Yes, there is no restriction, one can be partner in unlimited no. of firms even if it pertains to same business.

Dear Mr Singh, rightly pointed by Ravikant that there is NO RESTRICTION for a person to become partner in 'n' number of firms.

Additionally, in fact, any aggrement which restricts a person to carry out a LEGAL business or profession or trade is null & void, therby, providing legal freedom to a person to become partner in multiple firms & to carry SAME trade.

Exception (for your additional knowledge only): -

However, one who has sold the goodwill of his business may agree to the buyer to not to carry on the same business in a particular local limit & for a specific time period. The condition of this agreement, if seems to the court reasonable, the person may not become partner in another firm for the same business.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details