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Convert Propreitorship Into Partnership

Conversion is not an easy process and requires lot of attention & consideration. We assure our clients who wish to convert to provide the best solution on their business structure change decisions. We shall provide you an Analysis Report prepared by our experts providing you pros and cons of conversion along with Tax implications which will help you to decide on the conversion proposal.

A Sole Proprietorship form of business can always be converted into a Partnership form of business.

Let's Get to it At  8,000/-  onwards

* Price may change based on the state
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Convert Propreitorship Into Partnership

Running an individual show is indeed a tough task. And when it comes to business, expansion requires division of work; your Sole proprietorship business can be definitely converted into Partnership form of business, with just a click at TratoIndia.com. Sole Proprietorship business can be converted into Partnership form of business (formalized under Indian Partnership Act, 1932) by entering into a Partnership Deed with your incoming Partner and transferring all your business assets and liabilities as contribution in the partnership. Registration of Partnership is not mandatory as per the provisions of Partnership Act, 1932. However a registered Partnership comes up with several advantages. After signing of Partnership Deed, one need to apply for the fresh tax registrations such as Service Tax registration and VAT registration. Further other government departments and regulators such as Income tax authorities, Director General of Foreign Trade, Bankers etc must be informed about such conversion.

We at TratoIndia.com shall assist you in drafting your customized Partnership Deed after understanding your requirements and future plans and registering the same with the concerned Registrar at an affordable price. TratoIndia.com can also help you in getting fresh tax registrations for your newly formalized partnership business and liaison with other regulators on your behalf.

Steps to Convert your Sole Proprietorship into Partnership

4 Steps to convert your Sole Proprietorship into Partnership. We’ll email you at different points in the process or you can check the status of your order anytime in our Online Status Centre.

Place an Order

After you place an Order with us and complete our online application, we will assign an Account Manager and a Nodal Officer to you. Our Account Manager will complete all formalities without requiring you to be present anywhere.

Information Check

We ensure that all the information you provided during the order process meets the requirements for converting your Sole Proprietorship into a Partnership. We’ll contact you before we prepare the conversion documents, if we see any issues.

Application Filing

Your Account Manager will prepare Partnership Deed and register it with the Registrar of Partnerships. We will also prepare business transfer agreements. Processing times vary upon state to state, but can be fulfilled within 7-10 business days with expedited service.

Getting Registered

We will keep you updated throughout the process. We will make sure that original copy of registered Partnership Deed and Business Transfer Agreement is shipped to you on time.

Documents required for Convert Propreitorship Into Partnership

Below is the list of documents and information required for converting a Sole Proprietorship into a Partnership:

  • Name, father's name, full residential address of all partners;
  • Name and registered office address of partnership;
  • Proof of Identity, Proof of Address and passport size photographs of all partners;
  • Total capital contribution;
  • Equity holding of partners in the partnership;
  • Any other information may also be required for the purpose of drafting of a customized Partnership Deed.

Convert Propreitorship Into Partnership

Price starting from 8,000 onwards

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