HUF Being Proprietor HUF Being Proprietor: No, a Hindu Undivided Family (HUF) cannot be a proprietor. The concept of proprietorship typically refers to an individual who owns and operates a business in their personal capacity. An HUF is a separate legal entity and consists of multiple members who are part of a joint family.… Read More »
Can HUF become partner in LLP No, it is not possible for a Hindu Undivided Family (HUF) to assume the role of a partner in a Limited Liability Partnership (LLP). According to the provisions of the Limited Liability Partnership Act, 2008 in India, only individuals or other LLPs can become partners in an LLP. An… Read More »
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 »