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Convert Sole Proprietorship to a Partnership


  • Basic Package

    6000 6000 + Govt Fee

    • Drafting of partnership deed
    • Franking & Notary of Partnership Deed
    • PAN Number
    • Firm seal
    • Add up to 5 partners
     
  • Gold Package

    13000 13000 + Govt Fee

    • Includes all services from basic package
    • 110 Letterheads & Envelopes
    • 110 Visiting Cards per partner
    • Business Folder
    • Add up to 6 Partners
     
  • Platinum Package

    14000 14000 + Govt Fee

    • Includes all services from basic package
    • 150 Letterheads & Envelopes
    • 150 Visiting Cards per partner
    • Business Folder
    • Add up to 9 Partners
     

Know about Converting Proprietorship to Partnership

The partnership is when two or more people agree to go into business together and both might be from same family or same association, whether or not they have a written contract.

Ideally, it is mandatory to validate the details in a partnership agreement that specifies each partner's rights, responsibilities and share of the profits.

Partnership firms are registered with the Registrar of Firms
You don't have to file paperwork with the state in a partnership firm

Partnerships are easy to incorporate and flexible to manage. Unlike corporations and LLPs, you won't have to file formation documents or annual reports with the state. Other benefits are below.

Shared responsibility and ownership among partners 

More availability of capital funds 

Legal compliances are comparatively low 

Tax advantages over other forms 
 

Corpseed procedure for Conversion

Step 1:  Contact Corpseed team, provide necessary documents to start the conversion process.

Step 2:  We will assign a dedicated and skilled resource to process your request for conversion of your Sole Proprietorship to a Partnership.

Step 3:   We will draft partnership deed. Declare the transfer etc.

Step 4:  We will draft all mandatory documents required.

Step 5:  Once your partnership company is registered, we will send all the documents to you.

 

Note: - Whole conversion process takes between 7-10 days and also depends upon documents provided by applicant and approval speed by the government

 

Benefits of Partnership company

Shared responsibility and ownership among partners

Legal compliances are comparatively low

Tax advantages over other forms of business structures

Sole Proprietorship to Partnership Conversion Steps

 

 

How to get Convert Sole Proprietorship to a Partnership?

 

E Wallet

Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

E Wallet

Dedicated Manager

Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.

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Real Time Update

Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.

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Job Completed

Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.

 

 

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faq FAQ`s

Partnership firms do not need to prepare audited statements for each year. However, depending on the turnover and a few another criterion, a tax audit statement might be necessary

Copy of PAN Card of the Directors, Passport size photograph of Directors, Copy of Property papers (If owned property), Landlord NOC (Format will be provided), Copy of Aadhaar Card/ Voter identity card, Copy of Rent agreement (If rented property) and Electricity/ Water bill (Business Place)

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