Question ID : 44681

CONVERSION OF CA SOLE PROPRITORSHIP INTO PARTNERSHIP

I am practicing as a sole proprietary firm , but now want to convert it into a partnership in firm . Will it affect the empanelment status.? Which year will be considered as the year of establishment- Year of starting the firm as a sole proprietary firm or the year in which the conversion has taken place?

Depends on the whether you are adding partner in your firm or getting added with Other Firm. If you are appointing partner, empanelment status of your firm would continue, even year of establishment would remain the same.