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Author Topic: Partition of business in joint family  (Read 152 times)

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Offline tiya0076

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Partition of business in joint family
« on: February 07, 2017, 06:13:28 AM »
Hi i want to ask is there any law of business partitions when two brothers who are running a same business ?

Here is the case. Two bothers , 1 business both have kids and both the family have their own house. They also have different properties too and have some loan



So if they want to do partition how does it work? Is this partion between only two brothers or their kids have right to claim? Also who is responsible to pay loans?

Offline adv.amarnath

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Re: Partition of business in joint family
« Reply #1 on: February 11, 2017, 08:17:41 AM »
Go for dissolution of partnership firm and then go for divide of shop.. No one can claim in future. In respect of Loan, it is the mutual agreement between the partners of the business
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Amarnath Sanyal
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Email - adv.amarnath.sanyal@gmail.com
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