Proprietorship to Private Limited Company

A sole proprietorship cannot get all benefits of operation as it grows. So, there will be a need to convert the proprietorship into a private limited company. Taking over the sole proprietorship through a Memorandum Of Association (MoA) and transferring all liabilities and benefits to the limited company is how you form a private limited company from a sole proprietorship. The conversion can bring in its wake all the benefits of a company like higher capital, limited liability, and so on. Conversion of a proprietorship into a private limited company provides many benefits.

Documents required for sole proprietorship firm registration:

• Aadhar card
• PAN card
• Bank account
• Registered office proof

Registrations Required For A Sole Proprietorship:

• Registering as SME
• Shop and Establishment Act License
• GST Registration