Convert Sole Proprietorship to a Partnership

Basic Package

6000 + Govt Fee

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

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Gold Package

13000 + Govt Fee

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

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Platinum Package

14000 + Govt Fee

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

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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

Three Easy Steps

1. Connect to Corpseed

2. Provide necessary documents required for converting Sole Proprietorship to Partnership

3. Our expert CA will help you to concert your Sole Proprietorship to a Partnership

Frequently asked questions (FAQs)

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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