HUF as a partner
HUF as a partner: In India, it is not permissible for a Hindu Undivided Family to function as a partner in a Limited Liability Partnership . As per the LLP Act, 2008, only individuals can become partners in an LLP. An LLP is a separate legal entity, and its partners require to be individuals acting in their personal capacity.
However, an individual who is a member of an HUF can become a partner in an LLP. The individual will consider as a partner in his or her personal capacity and not as a representative of the former one. The individual’s rights, obligations, and liabilities as a partner will be independent of that.
To visit- https://www.mca.gov.in/
It’s important to consult with a professional, such as a chartered accountant or company secretary, to ensure compliance with the applicable laws and regulations regarding LLP partnerships.
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