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Partnership Firm
Can partnership firm become partner in another partner ship firm?
Replies (3)
ya can become partner of a firm
No, a partnership firm specifically cannot become a partner with another firm since it is no individual. A partner very much can become a partner in another firm and participate in profit sharing, decision making etc.
A partnership firm is not a person and therefore a firm can not enter into partnership with any firm or individual. But a partner of the partnership firm can enter into partnership with other persons and he can share the profits of the said firm with his other co-partners of the parent firm.
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