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Question ID : 42179

Can Sole Proprietors Create a Partnership Firm ?

Two sole proprietors say A & B practices in their own proprietorship firms, they wants to create a partnership firm say XYZ. Can it is possible that both the partners practices in their own proprietorship firms and also in partnership firm XYZ ? Also please discuss whether in partnership firm counts experience of senior most partner.

Posted by KAMAL KISHORE VERMA on Nov 25, 2021