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

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A minor is a person who has not attached the age of 18 years .
In a Joint Hindu Family Business , membership is by birth . Therefore , minors can also be members of the business .
The liability of minor is limited to his share in the business . They have to share losses also .
The liability of minor is limited to his share in the business . They have to share losses also .
In a partnership firm , a minor cannot become a partner because he is not capable of entering into a valid agreement . however , a minor can be admitted to the benefits of an existing partnership firm with the mutual consent of all other partners . He cannot be asked to bear the losses.

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