There is a partnership Firm with three partners.
My query is
Is there any way to convert it in to proprietorship ?
or
it compulsorily have to be Dissolved.
Thanks & Regards
Himansu Sekhar Pati (CA Final) (208 Points)
11 January 2011There is a partnership Firm with three partners.
My query is
Is there any way to convert it in to proprietorship ?
or
it compulsorily have to be Dissolved.
Thanks & Regards
ROHIT CHATURVEDI
(CA Final Student )
(2298 Points)
Replied 11 January 2011
If a partnership comes to an end, it gets dissolved. So to convert it into a sole proprietorship firm the dissolvement of partnership is necessary