LawRato

Can there we two proprietor of one firm without partnership


26-Feb-2023 (In Documentation Law)

Can there be two Proprietor of one company/firm without partnership?

Answers (1)

Answer #1
82 votes

A company has a separate legal entity which is owned by its shareholders and managed by its directors. Under proprietorship, the proprietor is the sole owner of the business. Two Proprietors will amount to partnership.

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 Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."