05-17-2007, 01:53 AM
What you mentioned are provisions Law. And, why law is like this I wonder how one can explain.
Professional firms are restrcited from incorporation, so the number of partners in this case may exceed 20.
May be you do not have the exact idea. It does not mean that a business cannot take place with more than 20 members. But for having more than 20 members the enterprise has to incorporate. (become a company)
Professional firms are restrcited from incorporation, so the number of partners in this case may exceed 20.
May be you do not have the exact idea. It does not mean that a business cannot take place with more than 20 members. But for having more than 20 members the enterprise has to incorporate. (become a company)
