Convert Partnership to Corporation Yes, it is possible to convert a partnership into a corporation. The process of converting a partnership to a corporation typically involves the following steps: 1. Research and Consultation: Understand the legal requirements, regulations, and tax implications associated with converting a partnership to a corporation in your jurisdiction. It is… Read More »
OPC to LLP Conversion Converting a One Person Company (OPC) to a Limited Liability Partnership (LLP) involves several steps and requirements. Here is an outline of the conversion process: 1.Board Resolution: Hold a board meeting and pass a resolution approving the conversion of the OPC into an LLP. Therefore, The resolution should authorize a… Read More »
Permanent Account Number(PAN) Yes, the Permanent Account Number(PAN) of an One Person Company (OPC) will remain the same even after it converts into a Private Limited (PVT LTD) company. For more information, visit this site: https://www.incometax.gov.in/ The PAN is a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department to individuals and businesses… Read More »