can a partnership firm become a partner in another firm?
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can a partnership firm be partner in another firm?
Replies (7)
yes.........
yes it can.
but it can not become a member in the company on its name
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.
No, a partnership firm can not be a partner in firm because it has no seprate leagal entity.
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.
https://www.guidebuddha.com
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