×

queshow may person can form proprietorship firm

How many persons can join a proprietorship firm as partners keeping the firm in proprietorship 2. If this is not possible then if they can join as business associates, looking after separate divisions of the company individually and solely. 3. Can a individual be business associates of many companies at the same time.

  • ans1) Proprietor means one person and hence words sole proprietor is used. 2) if you want more than one person form a partnership firm, register it with registrar of Firms or in the alternative form limited liability partnership . 3) if you want to form a company register it under companies act where each director can handle a particular division of company.

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Corporate Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Corporate lawyers in India

Similar questions

Employer has provided me cheque of 2 lac rs, but refuses to submit it whenever…

I and my friend open a Software LLP farm with 50-50 partnership since last 3…

Refund of money paid to City Realcom Ltd, Mumbai. The Co has signed two MOUs…
Hello, I resigned from director post of a pvt ltd company some months back for…

Corporate Lawyers in India

Advocate Ayantika Mondal

  Gandhinagar
 Experience: 8 years


Dr. Sudhir Ravindran

  Guindy
 Experience: 18 years


Advocate Sunil Dalal

  New Friends Colony
 Experience: 20 years


Advocate Ujwal Phasate

  Kukde Lay Out
 Experience: 8 years


View all >>

Quick Consult

Get 15 Minutes of Expert Legal Advice on Phone right now

Ask a Free Question

Post a Question online and get free advice from multiple lawyers by email

Find a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly