Partnership firm
This query is : Resolved
24 January 2016
SIR,
APART FROM PARTNERS CAPITAL,CAN A PARTNERSHIP FIRM TAKE UNSECURED LOAN FROM IT'S PARTNERS ?
SIR PLEASE GUIDE ME ?
WITH REGARDS
APART FROM PARTNERS CAPITAL,CAN A PARTNERSHIP FIRM TAKE UNSECURED LOAN FROM IT'S PARTNERS ?
SIR PLEASE GUIDE ME ?
WITH REGARDS
24 January 2016
If the partnership deed has a clause to accept loan from partners, then firm can accept such loans.
KAVIRAJA ADDANGADI
(Expert)
25 January 2016
Yes, you can take loan from partners.if partnership deed not permit you can amend terms by amending or through resolution by partner unanimously.
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