you are asking about practising CA in a propreitorship or partnership????? or any general business!!!!

• Sole proprietors have unlimited liability and are legally responsible for all debts against the business. Their business and personal assets are at risk.
• May be at a disadvantage in raising funds and are often limited to using funds from personal savings or consumer loans.
• May have a hard time attracting high-caliber employees, or those that are motivated by the opportunity to own a part of the business.

The core reason is the limit of No. of audits so a employee becomes a partner on paper.

And second reason Bank audits and Govt. audits are generally not alloted to proprietors.

thats not right,

bank branch audit is allotted only to propreitors and not to partners.

Originally posted by : Dhawal Mohnot
	thats not right,   bank branch audit is allotted only to propreitors and not to partners.

Who says that????????????

sorry.. i would rephrase my sentence.

As a general practice bank branch audits are given to proprietor audit concerns. No one says this. this what is being followed in the city where i stay.

i mean to both.. first tell me generally... leave that about ca firms....

i would like to know more in respect to tax saving and that kind of benefits....