Changing business type Partnership to Sole Proprietorship

vishal13m
Contributor
Contributor

Hello, I need to change the account type 'partnership' to a proprietorship. So do I have to mandatorily close this current business PayPal account?

In 2016, we created this business PayPal account, but now this firm has become a proprietorship. The name is the same, just became a proprietorship company. I don't want to close the account. I just want to convert it to proprietorship. Is there any simple way to update this information?

 

And also where to update the GST number in the PayPal Business account? Is it mandatory to update the GST number for the proprietorship firm?

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