Tag Archives: #HUFandBusinessOwnership

Can huf be a proprietor

HUF Being the proprietor

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 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 »