Can two proprietorship firms have same name?

Name for a Proprietorship or Partnership company is decided by the promoter themselves and there are no restrictions for the same. There cannot be two companies on the same name until and unless it is a sister concern company. Each company should have unique name to get registered as PVT LTD firm in Companies Act.

Can a proprietorship firm be a partner in a partnership firm?

Proprietorship firm means a firm/entity which is owned by a one natural person only. In this form of business entity, only one person is the owner of such business. (Maximum number of partners in the partnership firm can be fifty only.)

Can a CA be partner and proprietor at the same time?

A. No, a chartered accountant in practice is prohibited to allow any person to practice in his name as a chartered accountant unless such person is also a chartered accountant in practice and is in partnership with or employed by him. Q.

Can a proprietorship firm change its name?

Change in Name of a Proprietorship Concern / Firm 6.1 An application for change in name of the firm (preferably mentioning its Unique Firm Registration Code Number) shall be submitted along with the Form for giving particulars of Offices and Firms duly filled-in.

Can two partnership firms have same partners?

The proposition to which the learned Chief Justice subscribed was thus stated : “In law a firm has no existence independently of its partners, and if there are two firms consisting of exactly the same partners, the real position in law is that there is only one firm.

Can I use the same business name as someone else?

Generally, as long as no one else in your state is using that business name, you can call your company whatever you like. Names are doled out on a first-come, first-served basis. That said, you can run into trademark issues if your business and another’s fall within the same category or are substantially similar.

Can a proprietor have two firms?

Yes, You can have Multiple businesses if you are a sole proprietor. You can have multiple businesses in the same name and you have to get Shop act license or gumasta license which is enough to register Sole Proprietorship.

Can proprietorship firm be converted into LLP?

As it has only one person, a sole proprietorship cannot be directly converted into a LLP. It can be either done by closing the proprietorship and registering an LLP or by including another person in the business and making him a partner and then converting it to an LLP.

Can a CA be a partner in two firms?

Yes a CA can become partner in 2 firms. But, both the firms will become ineligible for Bank empanelment and CAG empanelment.

Can CA firm be sole proprietorship?

Sole Proprietors Chartered Accountant firms in India with at least one full time FCA can apply for empanelment with this office for allotment of audit of Public Sector Undertakings. Sole Proprietors are also subject to achieve a designated profit from their proprietary firm.

What is legal name of business for proprietorship?

The legal name of the business is the name that you use for all the official documents to create your enterprise. If it’s your personal business enterprise, it’s the name on the company papers you document, which is included in the memorandum of association.

How can I change my partnership firm name?

The Place of business may change. The Partners may decide to change the name of the Firm….Procedure for Changes in the Constitution of the Firm:

1. Draft a new Partnership Deed as per the changes in the constitution of the Firm.
2. Fill Form in Capital Letters in Form No.
3. Pay the Challan Fees with the respective Bank.

Can I be a partner in a partnership firm and proprietorship?

You will be partner in the partnership firm and will be taking profit from their also and thereafter you will open a proprietorship in the same domain and with the same name and you will gain profit from here also. Legally there is no impediment but I would not advise you to do the same.

What is the difference between a proprietory firm and a company?

A firm is different from a company that the company is a separate “legal person” than its promoters/owners/ shareholders. This status is not available to a Firm. The proprietor and the propritory firm are one and the same thing in the eyes of the law,IMHO.

Can a firm name be used by a proprietor?

A Partnership firm name which was being used by a proprietor or accomplices will not be permitted to some other part or individuals for a time of three long stretches of the conclusion of the firm. The name might be re-distributed to a similar part or individuals’ up to a time of three long periods of the closer of the firm.

What is a partnership firm name list?

A name for partnership firm will be limited to the name (s) of the proprietor /accomplices or a name which is as of now being used. A Partnership firm name list may incorporate the name (s) of the member (s)as it/they show up in the Register of Members.