No, a minor can not be admitted as partner in a partnership firm.
However, a minor can be admitted to the profit of a partnership firm with the consent of all the partners.
A minor can not be held liable for the loss incurred by the firm.
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Thank you,
Yours sincerely,
Anu, Thakurani's bestie
Asked by namish on :Jul. 13, 2018
