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Question ID : 40443

CA Individual Firms Into Partnership

We have a group of 5 Different CA Proprietor Frims, We now intend to Form a CA Partnership Firm. All 5 Firms have different standing in number of years of practice. My Query Will it be beneficial to Convert the oldest Proprietorship Firm into a Partnership or any firm? So that the number of years standing of the firm is increased. Please suggest

Posted by SUMIT BHARADIA on Oct 29, 2019

Filed Under MERGER & ACQUISITION

Answer ID : 80223

Yes, the same can be done. But the date of joining of other partners in the firm is also considered for various empanelment.

Posted by SURAJ KUMAR CHOUDHURY on Nov 09, 2019