Dear all,
I am in a partnership with a person in CA firm. He wants to resign from the firm. I want the same name as my Proprietorship firm.
is there any way that I can convert the partnership firm to Proprietorship firm?
7 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 15 May 2019
so you mean to say that the CA with whom you are in p'ship, it is his firm and you both are in p'ship and now that CA wants to surrender the p'ship business to your name
Sandeep
(Practice)
(145 Points)
Replied 15 May 2019
We are partners in the firm. He just wants to surrender his COP and start a job. I want to continue the firm in the same name.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 15 May 2019
then in that case the p'ship wud get dissolved and valuation needs to be done for the assets that you wud take over in your own proprietary firm from the p'ship firm. retiring partner wud be paid his Goodwill and after that you can continue the existing profession in your own proprietary name
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 16 May 2019
I'm case firm was registered then Shall be dissolved
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 May 2019
| Originally posted by : Giridhar S Karandikar | ||
 |
then in that case the p'ship wud get dissolved and valuation needs to be done for the assets that you wud take over in your own proprietary firm from the p'ship firm. retiring partner wud be paid his Goodwill and after that you can continue the existing profession in your own proprietary name |  |
Very well replies Mr Giridhar S Karandikar... Keep it up dear...
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