Regarding Partnership In A Firm/Business | Vkeel - Free Legal Advice

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Rajasthan

[Hypothetically] If someone is ready to make me a partner in his business/firm. Then can I be a partner even if I am not investing money or providing any services to him, doing this just for the sake of being a partner. The business is currently a Proprietorship Firm. Though after becoming partner I will be helping the owner but I am not providing any capital or any asset to the business. So what is the way and process to be the one. Please explain it in a little detail. Help is highly appreciated. Thank you sir

Expert's Answers(4)

Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

every member in a firm has responsibility with designation

September 1, 2020
Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

You have to get yourself acquainted acquainted with all the provisions under Partnership Act. Even though you may not be investing anything but the responsibility claus will be having overriding effect. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

September 1, 2020
Advocate Suneel Moudgil
Panipat, Haryana

40 Client Ratings

you can become a partner without any investment or any other contribution

September 1, 2020
xxxxx cxxxxx
Bengaluru, Karnataka

184 Client Ratings

There are so many partnership formats and you can educate your self .it is legal to have a partner without any investment from that partner .

September 1, 2020