Sole Proprietorship to Private Ltd
Grow your business with reliable legal support. Get your Sole Proprietorship converted to Private Ltd. Company by industry experts
How to Convert Sole Proprietorship to Private Limited Company?
Do you wish to convert your sole proprietorship business into strong legal entity and expand your business ??? Private Limited Company is best suitable answer to all these questions.
Many people register their businesses as a Sole Proprietorship initially as it requires very less compliances and capital also. But as the business grows, many entrepreneurs find it difficult to maintain accounting entries and filing of taxes and reaching out to big clients . Also sole proprietor is held responsible for all liabilities against the business. Best legal solution over this situation is to convert the Sole Proprietorship into a Private Limited Company. Entrepreneur can expand their business, manage their liabilities, attract investors and protect their assets by converting their Sole Proprietorship business into the Private Limited company.
As a first step towards this conversion, incorporation of a new Private Limited Company is must. Once your company is incorporated, special resolution has to be passed by all the directors in Annual General Meeting to take over the Sole Proprietorship. Then next step will be transferring of all business assets, contracts, service agreements, licenses and bank accounts to newly incorporated private limited company. At final stage, sole proprietorship is then terminated.
Conversion of your sole proprietorship to private ltd. company is very easy with ENVIZI. Contact Envizi now and convert your existing business structure to new separate legal entity.
- PAN Card of Directors
- Passport size photograph of Directors
- Aadhaar Card / Voter Identity Card of Directors
- Utility Bills like Electricity / Water Bill of business place
- Rent Agreement if business place is rented
- Property Papers if business place is own property
- Shop Act License copy
Steps for Conversion of Sole Proprietorship to Private Ltd. Company
Relax We Will Help You Plan
Get your personal assistant to find the right solution, just sit back and relax.
Why Choose Us
ENVIZI is a trusted name among entrepreneurs and professionals for any kind of legal needs. Many reputed businesses and entrepreneurs relied on us for their company conversions from one legal format to another suitable legal entity and are now operating their businesses successfully with our strong legal support. We are experts in company conversion processes and thus help you to incorporate your company in new format within a committed time and budget. We understand your passion for business growth and development and thus also help you to fulfill all compliance requirements on time. We will assign a dedicated Legal Manager to maintain the track of your company conversion application. You can get in touch with your legal manager at any time for your legal needs through Email / Skype / Whatsapp.
Hurry Up !! Contact Envizi now and get your company converted promptly on time without any legal hassles.