Starting a Partnership Firm: Can We Use Titles Like 'Director' or 'CEO' on Our Cards?

We have just started a partnership firm. Can we use the 'Director' designation on our visiting cards? Also, can we use titles like CEO? If not, what are the right options?

Hi Shirish, please do not use "Director" as a designation on your visiting cards or in your communications. The "Director" designation is typically used for company forms of entities. If you are a partner of the firm, you can use "Partner" instead. For employees of your firm, you can designate them as Executive, Senior Executive, Officer, Senior Officer, Manager, Senior Manager, Vice President - Marketing, Vice President - Finance, or Vice President - HR. For very senior employees, you may consider giving them the designation of CEO.

Additionally, ensure that your firm is registered with the Registrar of Firms (ROF). Along with your firm name, include the term "registered."

I hope this clarifies any doubts you may have. Please let us know if you require any further clarifications.

Regards,
Mukesh TANK
9967590445

Hi,

Thanks for providing helpful information. So, is the 'Director' designation appropriate for companies registered as Pvt Ltd or Ltd? Am I correct in thinking this? If we continue to use the 'Director' designation, could this potentially lead to any legal issues?

Hi Shirish,

Since your company is registered under the Partnership Act, you cannot use the "Director" as your designation. Instead, you can use "Partner" or "Managing Partner" as your designation.

Regards,
Nataraj

Hi Aryan,

I understand your query about the use of titles like CEO, COO, and Creative Director for a TM-Fashion brand involved in garments manufacturing in partnership. While terms like "Director" and "Managing Director" are typically associated with private and public limited companies, titles such as CEO, COO, and Creative Director are more generic and can be utilized in various business structures, including partnerships.

Legally, there shouldn't be an issue with using these titles for your fashion brand, as long as they accurately reflect the roles and responsibilities within the organization. It's essential to ensure that these titles are not misleading and are used appropriately within the context of your business operations.

If you have any further questions or need clarification on these terms, please feel free to ask. Thank you for reaching out.

Best regards,
Aryan

If we appoint a senior employee as the CEO of a partnership firm, who will be working with us on profit-sharing and expenses, what will be his duties and responsibilities in the firm? Could you please provide a draft of a contract agreement for the CEO working on profit-sharing?

Thank you.

Could you please elaborate on the provisions and sections regarding the approval of the appointment of a CEO, COO, or any high management positions by ROC/ROF? Your answer will be beneficial to learners like me.