Conversion of Partneship into co.
This query is : Resolved
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
