HUF as a partner HUF as a partner: In India, it is not permissible for a Hindu Undivided Family to function as a partner in a Limited Liability Partnership . As per the LLP Act, 2008, only individuals can become partners in an LLP. An LLP is a separate legal entity, and its partners… 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 »
HUF can be partner in LLP No, it is not possible for a Hindu Undivided Family (HUF) to act as a partner in a Limited Liability Partnership (LLP). An LLP is a business structure that combines the features of a partnership and a company, providing limited liability protection to its partners. However, The partners in… Read More »