Admission of partner?

487 views 1 replies

This Query is relating to Admission of a Partner in a Partnership Firm. There is a partnership firm and it wants to admit a family member as a partner.

Is it necessary to Revalue all the assets and liabilities and value the goodwill?

Or

Family Member can be admitted with just a fixed amount of Capital?

Replies (1)
Dear sir when a partner is admitted there is no requirement to revalue all the assets and goodwill. Just partner have to bring in the share capital and in return you have to give him profit percentage. I hope my answer is clear to you regards

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details