Llp
Pooja Panvelkar (Team head) (54 Points)
26 April 2016
Can a Partnership Firm become partner in LLP? Please advice on this.
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 27 April 2016
As per Section 5 of LLP Act, 2008 only an individual or body corporate can become partner in an LLP.
Since Partnership firm is not a body corporate. Partnership firm cannot become partner in an LLP. However Individual Partners may become partner in an LLP.
Regards,
Arjun Rajagopal
CAclubindia
