Conversion of Partneship into co.
This query is : Resolved
CA.Yogesh Patel
(Querist)
07 October 2010
Hi,
If one wants to convert his partneship business into pvt. ltd. co., he should convert the partnership into co., or he should incorporate a new co and make that co. partner in the firm, which option is better?
Kindly make suggestion.
Thanks
If one wants to convert his partneship business into pvt. ltd. co., he should convert the partnership into co., or he should incorporate a new co and make that co. partner in the firm, which option is better?
Kindly make suggestion.
Thanks
07 October 2010
set up a new company / converting firm to company, for both same procedures to be followed. you can continue the same business with existing vendors / customers. In pvt ltd, partners are getting Director status. So go for new company formation procedure.
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