• 9051 NG-Associates Incorporate

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