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Is it eligible to admit a minor as partner in a...

Is it eligible to admit a minor as partner in a partnership firm?

Is it eligible to admit a minor as partner in a partnership firm?


0
Jeeba Jul. 13, 2018

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.

Is it eligible to admit a minor as partner in a partnership firm?


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