Firm name - partnership law, Business Law and Ethics

Firm Name - Partnership Law

Lawfully the firm name is simply a convenient way about alluding to the existing partners.  However an authority to lend to a firm does not authorize a loan to such firm, whether the partners have changed.  But copyright can be register in a firm name; so then the firm name will be protected; so then partners can sue or be sued in the firm name whether they must appear in person moreover.

Therefore every firm having a name that does not disclose the true surnames of all partners, be obliged to be registered below the Registration of Business Names Act.  Further in the case of such firms so then the full names of all partners should be printed at each such catalogue, circular or show card so one is business letter sent out through the firm.  Also, whether any partner is not the US, his nationality must be shown.  Whether he has been naturalized then his original nationality must be shown.

So below the Registration of Business Names Act, thus the Registrar must be furnished according the following particulars: like;

  • The business name.
  • The all-purpose nature of the business.
  • The principal place of business.
  • The present surname and Christian name and any former surname or name of every partner like their usual residence.
  • The nationality of each partner.
  • Several other business occupations of the partners.
  • The date of the inauguration of business also.
Posted Date: 1/22/2013 6:00:19 AM | Location : United States

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