whether conversion of partnership firm to private limited
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2010
Hi,
I would like to know whether conversion of partnership firm to private limited is better or create a NEW private limited company and sell all assets to new private limited company?
I would like to know whether conversion of partnership firm to private limited is better or create a NEW private limited company and sell all assets to new private limited company?
26 January 2010
Conversion is a better option.
In creating a new company and transferring the assets and liab of the partnership to the company would need more efforts and a longer procedure. Moreover, the partnership will have to be dissolved at a later state.
In conversion, you can achieve the purpose in a single procedure.
In creating a new company and transferring the assets and liab of the partnership to the company would need more efforts and a longer procedure. Moreover, the partnership will have to be dissolved at a later state.
In conversion, you can achieve the purpose in a single procedure.
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