Question ID :
CONVERSION FROM PROPRIETORSHIP FIRM TO PARTNERSHIP FIRM
Dear Professionals, I started my Practice In 1989 as a Proprietorship Concern under ICAI with GST as per trade name . In a case of addition of a new CA , the firm is to be converted into a partnership firm requiring new PAN and new GST registration .
With the above backdrop , my queries are :
1.Whether Proprietorship Experience Is Continued In the Partnership Firm as per ICAI records?
2. Whether the experience Will Count For Bank Audit Empanelment Under Partnership Firm ?
3. Also as a process , first conversion step to be taken from my Member SSP portal and later then the new partner should join ?
4. Whether my trade name "Palamalai & Co" can be changed as "Palamalai & Associates" or like including new partner initial as "RP & Associates" without any compromise in year of experience ?
Kindly suggest clear opinions point wise .
Thanks in advance .
CA. PALAMALAI R
Apr 20, 2020