Compare the status of a minor in a Joint Hindu Family Business with that in a partnership firms

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formsofbusiness

#1

The inclusion of an individual into the business occurs due to birth in a Hindu Undivided Family. Hence, minors can also be members of the business. On the other hand, in a partnership firm, the minor cannot be a partner of a business. In the partnership firm, the age of the partners should be above 18 years.