ummesh
(Querist) 31 July 2016
This query is : Resolved
Respected Experts..We have a partnership firm with two partners. The partnership is "At will" and there is equal sharing of profit and loss mentioned in the deed. The firm is at heavy loss and the property of the firm is in the name of the firm. Being legal heir of one of the deceased partner of the firm i want to understand my rights on the property of the firm and will the liability of the firms be transferred on to me. Also, can i sell the property of the firm since i belive the partnership is dissolved after death of the partner?
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