Please Help: firm Constitution
Posted Date : 26-Jan-2012 , 02:56:57 pm | Posted By pinal
M/s A & associates in which Mr.A & B is partner and M/S. B & Associates in which Mr. A & Mr. B is a partner............
can this type of partnership is valid.???????
can this type of partnership is valid.???????
Category : Accounts | Answers : 2 | Comments : 1 | Hits : 406
Answers
Answer By: Rishabh Upadhyay
Technically there do not seem to be any problem in this case as partnership firm is different than its partners. How ever i do not see any relevency in forming this kind of an arrangement.
Answer By: Ketan Samdani
No problem as such. But no need to form firm like this as it is not having any difference among them.
Comments
lavina bajaj
26-Jan-2012 , 07:53:08 pmi'll also agree with Mr. Upadhyay... there is no restriction in this kind of formation but practically it wont benefit the firm and the partners.