Partner without shrare in profit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2011
Can there be a partner in the partnership firm without entitle for share in profit/loss?
02 November 2011
No Sharing of profits is compulsary...refer defination of partner as per partnership act,1932
"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Persons who have entered into partnership with one another are called individually, "partners"
"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Persons who have entered into partnership with one another are called individually, "partners"
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