Conversion of sole proprietor firm

Convert a proprietorship firm into partnership firm. If you will convert into public, private company or LLP formalities will increase. Well conversion depends on size and nature of business too. 

Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below are known as MSME:

• A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
• A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
• A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

Thank you, what are the benefits of listing on msmse ? taxation aspect and others? if u hav any link pls forward me on jaya_gana80 @ yahoo.com