Partnership firm
This query is : Resolved
13 July 2013
In a two Partner partnership firm, if one on them dies, is there any legality to continue the business of the firm as a going concern by inducting the legal heirs of the deceased one as the new partner in that firm.
13 July 2013
It's depend on the will of legal heirs.
That he want to become partner or not.
If he agree then firm will continues. Otherwise desolved .
That he want to become partner or not.
If he agree then firm will continues. Otherwise desolved .
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