Practicing Success
Practicing Success
CUET Preparation Today
| Is Partnership firm having a separate legal entity from its partners? |
Yes No Depend on situation May be |
| No |
| Persons who have entered into partnership with one another are individually called ‘partners’ and collectively called ‘firm’. The name under which the business is carried is called the ‘firm’s name’. A partnership firm has no separate legal entity, apart from the partners constituting it. |
