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?
CAclubindia
