can a partnership firm become a partner in another firm?
can a partnership firm be partner in another firm?
(Guest)
CA Trinath Galla
(student)
(3130 Points)
Replied 07 November 2009
yes it can.
but it can not become a member in the company on its name
CA. Varun Soni
(Chartered Accountant)
(201 Points)
Replied 01 December 2009
No.... Partnership firm has no separate identity as a pvt. or public company has. So a partnership can not become a partner in a partnership concern. Yes two partnership firms can form a joint venture.
Jaiprakash
(Article)
(144 Points)
Replied 18 June 2010
No, a partnership firm can not be a partner in firm because it has no seprate leagal entity.
L V SURYANARAYANAN
(PROP)
(34 Points)
Replied 06 August 2010
hi everybody!
a partnership firm is subject to tax seperately>
it is also registered and regulated under the partnership act.
it can sue and b sued in its own name.
it is thus given legal existence and recognition
hence i think it can b a partner in another partnership firm.
Hai..............
Good morning............
Welcome to this forum.....
No.... Partnership firm has no separate identity as a pvt. or public company has. So a partnership can not become a partner in a partnership concern. Yes two partnership firms can form a joint venture.
Have a nice day......
Thank you for sharing with us.....
regards ,
phe9oxis.
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Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 03 May 2011
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