I want to admit my grandson who is 15 years old to the profits of the partnership firm, which is managed by me. Can minors have share in the property of the firm?
I want to admit my grandson who is 15 years old to the profits of the partnership firm, which is managed by me. Can minors have share in the property of the firm?
Though minor may not be partner of the firm but with the consent of all the partners he may be admitted to profits of the partnership and such partner will have a share of property and profits as may be agreed upon.
