Conversion Of Partnership Into Company

This document is a format for contract between the partners for dissolving the partnership deed and to form a new agreement between them as a share holder of the company. The conversion from partnership agreement into a company require existence of minimum seven share holders for the company which is being formed and the share holding remains same as it was in the partnership deed. The major change which comes to play is that all the assets and liabilities of the partners get transferred to the company’s assets and liabilities. The conversion agreement is signed between the partners after the filing of requisite form for conversion. This document is part of the preparation for foundation document for the company. Such agreement between the former partners shall be signed by all shareholders and shall be registered agreement demarcating all the necessary declaration of share. 

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