Conversion of Partnership into Company.

Conversion of Partnership (General) into a Pte Ltd company is not something like conversion to Sole Proprietorship due to being a separate legal entity status to the Company. However, the Partners are having limited choices to choose. The Partners of the Partnership firm can choose the same name to be applied with the proposed company by appealing with the authority ACRA. Once, the name appeal is approved then the Partners would have the company name with their former Partnership’s name.

By doing so, the former Partnership will be mostly able to transfer the existing employees, contracts, businesses, etc to the newly incorporated company.