Can a partnership firm become partner in a LLP ?
This query is : Resolved
23 November 2024
Hello everyone,
can a partnership firm registered under partnership act become partner in a LLP ?
can a partnership firm registered under partnership act become partner in a LLP ?
23 November 2024
Yes, a partnership firm registered under the Partnership Act can become a partner in a Limited Liability Partnership (LLP). According to the Limited Liability Partnership (LLP) Act, 2008, a partnership firm can be considered a "body corporate" and thus is eligible to be a partner in an LLP.
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