I want to convert my properitorship to partnership please guide me by providing the steps and the format of deed applicable to it.
Kindly help me out its urgent
Hardik Sureja (Article) (59 Points)
22 October 2012I want to convert my properitorship to partnership please guide me by providing the steps and the format of deed applicable to it.
Kindly help me out its urgent
Manoj saraf
(a)
(29 Points)
Replied 23 December 2014
I require format of deed for conversion of sole proprietor into partnership
thanks,
manoj saraf
DISHA SHAH
(professional)
(1618 Points)
Replied 23 December 2014
nothing like conversion , make proper legal and written partnership deed
Roshan Thomas
(C.E.O )
(356 Points)
Replied 24 December 2014
Agree with Disha. You will have to prepare a partnership deed under the same name. Transfer all you assets in propreitory name to partnership name.
Assuming you do not hold any immovable property , this is matter of just book entry and transfer of bank balance to your partnership account.
In the deed dont forget to mention that the firm is formed to take over the propreitory businss
Sunil S Nair
(Advocate & Legal Consultant)
(66 Points)
Replied 30 December 2014
Hello Hardic following attached is format of partnership deed but my personal advise is to take help of local lawyer for drafting the same as it may cause hindreance to business best go through all the clauses before coming at a conclusion
CAclubindia
