Why HUF cannot be a partner In general, a Hindu Undivided Family (HUF) cannot be a partner in a partnership firm. This is because a partnership requires individual members to form a contractual relationship with other individuals or entities. Since an HUF is considered, a collective entity comprising of family members, it lacks the legal… Read More »
Can HUF become partner in LLP A Hindu Undivided Family (HUF) is a common structure in India, primarily used for managing family assets and taking advantage of certain tax benefits. On the other hand, a Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership with limited liability. One… Read More »
HUF be Partner in Partnership Firm A Hindu Undivided Family (HUF) is a unique entity under Indian law, often used for managing family-owned businesses and assets. Given its distinctive nature, a common question arises: Can a HUF be a partner in a partnership firm? Understanding HUF: A HUF is a family unit made… Read More »
