If one wants to convert his partneship business into pvt. ltd. co., he should convert the partnership into co., or he should incorporate a new co and make that co. partner in the firm, which option is better?
07 October 2010
set up a new company / converting firm to company, for both same procedures to be followed. you can continue the same business with existing vendors / customers. In pvt ltd, partners are getting Director status. So go for new company formation procedure.
CAclubindia
