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Can Partnership Firm Give Loan to Partners
- August 27, 2024
- Posted by: Visa Imigration
- Category: paydayloancolorado.net+deer-trail cash advance loans with no credit check
No CommentsCan Partnership Firm Give Loan to Partners Can a partnership firm give a loan to partners? The Partnership Act doesn’t restrict a company of this type from giving loans unless the Deed of Partnership prohibits it. However, the loan should never be given or repaid in cash. Business Terminology Partnerships and corporations are alike in