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Partnership Firm

Vishal (Partner) (22 Points)

11 September 2018

Can partnership firm become partner in another partner ship firm?

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Sunil Ahmad (Student) (1511 Points)
Replied 11 September 2018

ya can become partner of a firm

Pranjali (intern) (2216 Points)
Replied 11 September 2018

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.

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CA Raj Doshi (Practising CA) (8944 Points)
Replied 12 September 2018

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.