Tag Archives: #HUFinBusiness

Can HUF become partner in LLP?

Partnership in LLP

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 »

Can huf be partner in partnership firm?

HUF be Partner in Partnership Firm

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 »