Who can be a partner in a firm?

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Yes, both companies and LLPs are legal entities and can indeed be partners in a partnership firm. Furthermore, a firm can be registered with only company or LLP partners, without requiring any individual partners. This clarifies the eligibility and registration possibilities for various business structures.

SUDHEEP M

SUDHEEP M (Querist)
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28 April 2021 Whether a company or LLP can be a partner in a partnership firm.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 April 2021 Yes, both are legal entities so they can become partners of a firm.

SUDHEEP M

SUDHEEP M (Querist)
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28 April 2021 Sir one more doubt, whether a firm can be registered with only company or LLP as partners. Without having a parnter in individual capacity?.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 April 2021 Yes.....................

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