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Firm?

Aparna Raja K.C (Student) (520 Points)

30 June 2011

What is a Firm?

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(Guest)

The name, title, or style, under which a company transacts business; a partnership of two or more persons; a commercial house; as, the firm of Hope & Co.

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Arpita (STUDENT) (55 Points)
Replied 30 June 2011

A firm means a

(A)business

(An entity which is engaged in profit activity)

(B)sole proprietorship,

(A business structure in which an individual and his business structure is considered as a single entity)

(C)partnership

(Business structure in which multiple individuals called partners manage business and are equally liable for any business liability and have equally right in business profit intheir agreed ratio)

(D)corporation

(Status of corporartion is formed by incorporating your business firm and it gives a seperate legal status to your firm and protect owners to be personally liable for firm liability.)

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Gourav Kapoor (CA Final Student) (2977 Points)
Replied 30 June 2011

Originally posted by : deepak
	The name, title, or style, under which a company transacts business; a partnership of two or more persons; a commercial house; as, the firm of Hope & Co.