PARTNERSHIP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2010
I had formed a partnership firm with my friend who expired last month. Can I now enter into partnership with the heirs of my deceased partner?
CA Sanat Pyne
(Expert)
24 September 2010
Where there were two partners, after the death of one, the firm will automatically come to an end. However, surviving partner may enter into partnership with the heirs of the deceased in which case that will be a new partnership firm.
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