Conversion of Proprietorship into Partnership Firm


This query is : Resolved 

Quick Summary
This discussion outlines the steps involved in converting a proprietorship into a partnership firm. It addresses key concerns for peer review auditors, including potential changes to the Firm Registration Number (FRN) and the implications of altering the business name. Guidance is provided on when and how to initiate the conversion process, especially when changing the firm's name.

02 January 2020 Dear Expert,

As we are planning to Convert our Proprietorship into Partnership Firm, what will be the process.
As we are Peer Review Auditor what will be the impact on Peer Review.
Is after conversion our FRN will change.

Please guide us when and how we should start the process and solve my above query as well.

23 January 2020 Are you going to keep the same name or you want to change the name?

28 February 2020 We will change the name as we will remove the word associates

29 February 2020 since you are incorporating a change in the name, you need to get the name approval.


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