Successfully Convert in 3 Easy Steps
Answer a few simple questions
Provide us your business details
Upload required documents
Opt for a convenient payment option
Let us do all the filing work
PAN and TAN Numbers
Partnership deed drafting
Your Partnership is registered
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Frequently Asked Questions
A partnership can be started with a minimum of 2 people. Maximum 20 people can be a part of the partnership.
Address proof, identity proof and PAN card are the documents required by each partner. It is advisable to sign a partnership deed.
Only a Registered partnership firm can claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party. Hence, it is advisable for partnership firms to get itself registered sooner or later. Also, only a registered partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the partnership Act. Hence it is advisable to get a partnership firm registered
If the partnership firm is registered, the partnership deed will be registered and a Registration Certificate will be issued by the Registrar of Firms.
Indian Nationals and Indian Residents are allowed to invest in a partnership firm without any approval. Usually those who invest in the partnership firm become a Partner of the firm and in the absence of any agreement to the contrary, all partners will have a right to participate in the activities of the business.
Partnership firms do not need to prepare audited statements for each year. However depending on the turnover and a few other criterion, a tax audit statement might be necessary.
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For a company to grow and flourished, it needs assistance and support. At LegalWiz.in we provide online assistance for conversion of your sole proprietorship to a partnership firm. Our qualified team of legal professionals, chartered accountants and company secretaries are always available to assist you with all the legal and administrative aspects of the registration, conversion, and drafting of proprietorship to partnership deed and post registration aspects that are required to be fulfilled to convert proprietorship to partnership. To change from a sole proprietorship to partnership you would be required to follow certain quick and easy steps and provide LegalWiz with the required documents and we would convert your sole proprietorship to partnership firm. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post conversion services related to MSME, VAT registration and filing , Service Tax Return Filing, TDS Return Filing, Trademark registration, Trademark Objection, assignment & renewal, Copyright registration, Accounting & Bookkeeping, Legal Drafting, , Import Export Code Registration, etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.