Tag Archives: #FinancialPartnership

Can LLP give loan to partners?

LLP partner

.   LLP give loan to Partners LLP give loan to Partners: Yes, an LLP (Limited Liability Partnership) can provide a loan to its partners. It is a subject to the terms and conditions set forth in the partnership agreement and compliance with applicable laws and regulations. However, Lending money to partners should have done… Read More »

Can huf be partner in partnership firm?

HUF be Partner in Partnership Firm

HUF be Partner in Partnership Firm   HUF  be partner in partnership firm: Yes, a Hindu Undivided Family  can be a partner in a partnership firm. According to the Indian Partnership Act, 1932, a partnership can be formed between two or more individuals, including HUFs. In a partnership firm, the Hindu Undivided Family would be… Read More »