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HUF as a partner: HUF can be a partner in LLP ?

HUF as a partner

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 can be partner in LLP.

HUF buy Property

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 »