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Conversion of Partneship into co.

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(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
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GSTP Hari Dhayalan Konar

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GSTP Hari Dhayalan Konar (Expert)
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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