Can a proprietorship be converted into partnership & how to treat proprietor's receivables as capital introduced or else.
Thanks
Regards.
Menu
conversion of proprietorship to partnership.
Replies (1)
Yes. Proprietorship Firm can be converted to a Partnership Firm as a Going Concern.
The networth of the existing business would be considered as the capital introduced by the erstwhile proprietor.
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
