M/s K marketing is a Proprietary firm owned by one Proprietor , now want to engage Three person one of them is going to finance the business and other two will see the entire operation of the business as the proprietor and his finance partner are unable to manage time to see the business.
Now what type of agreement should be made so that the status of M/s K marketing which is a proprietary firm remain continue to be proprietary firm as the finance from bank is allowed only to a proprietary firm and they are running distribution business and there are some company who are not interested to do business with partnership firm, they want only proprietary firm.
Regards
