Partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2016
Dear Sir,
There is a partnership firm to carry on the business of civil construction. Wherein, there are two partners (father-son).
Now the father has died. Now I want to ask that, whether the second partner (son) can become partner in the capacity of legar hair of his father, to maintain the status of firm as partnership
or
he has to run it now only as proprietorship firm?
Please clarify.
Thanks.
There is a partnership firm to carry on the business of civil construction. Wherein, there are two partners (father-son).
Now the father has died. Now I want to ask that, whether the second partner (son) can become partner in the capacity of legar hair of his father, to maintain the status of firm as partnership
or
he has to run it now only as proprietorship firm?
Please clarify.
Thanks.
Amol S Joglekar
(Expert)
20 June 2016
No, that is not possible......
he can take some other person, if he is so keen in doing it in partnership ELSE he can do it in proprietorship
he can take some other person, if he is so keen in doing it in partnership ELSE he can do it in proprietorship
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