Q9 of 24 Page 56

A partner whose association with the firm is unknown to the general public is called

Secret partner Contributes capital but Participates in management, secretly

The Head of the joint Hindu family business is called

Provision of residential accommodation to the members at reasonable rates is the objective of

Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

Questions · 24

2. Forms of Business Organisation

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