Convert Pvt. Ltd. Co to Partnership
This query is : Resolved
24 October 2008
I am having a pvt ltd company and wish to convert it into a partnership company. Normally most people require vice-versa. But I do not expect to have much activity in this company and for whatever I am doing I think a partnership would be more than OK.
There are some outsatanding loans the investor directors have put in and if the pvt ltd is just closed then all these loans would have to be written off. Any way the accounts of the pvt ltd could be transferred to the partnership?
Rgds
Shashikant
I am having a pvt ltd company and wish to convert it into a partnership company. Normally most people require vice-versa. But I do not expect to have much activity in this company and for whatever I am doing I think a partnership would be more than OK.
There are some outsatanding loans the investor directors have put in and if the pvt ltd is just closed then all these loans would have to be written off. Any way the accounts of the pvt ltd could be transferred to the partnership?
Rgds
Shashikant
30 October 2008
It is not posible to convert. You can only sell assets.
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