Does a partnership firm has a separate legal entity? Give reason in support of your answer.
Does a partnership firm has a separate legal entity? Give a reason in support of your answer.
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No,
A partnership firm does not have a separate legal entity separate from its partners.
Because the private assets of the partners can be used to meet the liabilities of the firm in case the firm’s assets are not adequate to meet its liabilities.
Anurag Pathak Changed status to publish
