Ownership of industrial land

Break Water (Querist) 16 July 2012 This query is : Resolved
Hi,

We have setup partnership firm (I, my father and my wife) and currently we are in process to procure the industrial land.

I am bit confuse about to give ownership to either any of the partner member or whole partnership firm.

Could you please suggest me the better option? If you suggest any partner then could you please let me know whom we can pick?

Thanks.

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Nadeem Qureshi (Expert) 16 July 2012
Dear Querist
you should contact a lawyer personally

ajay sethi (Expert) 16 July 2012
le the property be purchased in name of firm rather than any individual . if you pruchase in name of any individual it is recipe for disaster in case of disputes between partners .

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