Practising as a cost accountant parallely with the job

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2012 I want to make a partnership firm of Cost Accountants where I want to be a non-active partner and want to do my own full time job. Can I do the same ? What is the process for the same ? Can I become an honarary Partner if there are only 2 partners (including me) ? If I become honarary partner ( with Zero % Profit sharing ratio) can it be considered as a Registerred Partnership firm ? ( because As per partnership agreement there should be a profit motive.)

CA Pradeep Kumar Rajput

CA Pradeep Kumar Rajput (Expert)
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28 January 2012 resign from the current job and start providing the consultancy to your current employer as a partner of the firm of which u are thinking this is what most professional do......