Name of firm

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2017 Dear Experts.,

I saw the Auditors or Consultants firm names are different.
For example., XYZ & Co., ABC Associates,
What is the difference between Associates and Co...?
Why some names are XXX Associates and Some names are XXX & Co...?
Any law point here...?

Please reply Experts..

Thanks & Regards

P.M.RAJA

Mithun Agarwal

Mithun Agarwal (Expert)
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07 January 2017 A firm with name XYZ & co. Indicates that the firm is a partnership firm where the partners jointly carry on their professional engagement from same place of business and sign on behalf of the firm.

Whereas, when the name is ABC & Associates, it indicates that different professionals and practioners draw business from the market in the name of ABC & Associates but engage in the project in their individual name and sign in an individual capacity & may have different place of work than ABC. It is like a cartel of smaller firms to compete with the bigger partnership firms.

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2017 Thank you for the reply Sir.,

I doing my consulting works individually as name of 'P M RAJA AND CO'...
This name bring any legal issue on future...?

Actually I start the name of 'Sree Parimaless Associates' on 2008-09.
But,
Now I registered 'P M Raja and Co' in Udyog Aadhaar on 2016...
So, I Ask it. Any problems in future...

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Expert : Anonymous

Expert : Anonymous (Expert)

07 January 2017 no problems you can proceed with those name