Start Your Own Private Limited Company

[@krishnaprasadrao5022]

Kya humlog partnership firm ko Pvt limited company bana sakthe hai... I mean can we convert partnership firm to PVT LIMITED Co. What about partnership deed and our registration of firm. What will be the benifits if we switch to PVT Ltd Company if possible will it affect our statutory norms ( establishment codes like GST / PF / ESI / Professional tax

[@Pearlodea]

Yes, partnership firm can be converted to Private Limited Company. Before conversion, have to check whether your existing partnership firm fulfills the eligibility criteria or not. Benefits: In case of conversion, you will continue to enjoy the Good Will of your existing firm. Existing Registrations: PAN and TAN of the partnership firm will be surrendered. Existing PF ESI registrations can be updated by submitting necessary documents.