Proprietorship to Private Limited Company
To convert a Sole Proprietorship into a Private Limited Company, an agreement between the Proprietorship and the Private Limited Company (once incorporated) has to be concluded for the sale of the business
Proprietorship to Private Limited Company
To convert a Sole Proprietorship into a Private Limited Company, an agreement between the Proprietorship and the Private Limited Company (once incorporated) has to be concluded for the sale of the business. Furthermore, such so incorporated Private Limited Company must have “the takeover of a Sole Proprietorship Concern” as one of the goals set out in its Association Memorandum.
Because of the low compliance requirements many business people start their business as a sole proprietorship. As the business and income grow, the bank accounts and the Sole Proprietor’s tax filings and that of the business need to be separated. A potential way to accomplish this separation is to turn the Sole Proprietorship into a Private Limited Company.
Procedure For Conversion of Proprietorship to Private Limited Company
Complete our Simple Form
You are required to fill the details in our simple questionnaire and submit documents.
Obtain DSC and DIN. from us
After submitting your documents we will provide you with DSC and DPIN.
Verification and Name Approval
For further procedures, details provided by you will be verified by our experts.
Document Submission
We will create your documents and application and file them with ROC.
Your work is completed
Once your company is incorporated, we shall send you all the documents and DSCs.
Documents Required For Conversion of Sole Proprietor to Private Limited Company
- Copy of PAN Card of the Directors
- Passport size photograph of Directors
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement(If rented property)
-
Electricity/ Water bill (Business Place)
-
Copy of Property papers (If owned property)
What’s included in package?
Frequently Asked Questions
1. Is it necessary to have 2 directors in a Private Limited Company Registration?
2. Who can be a member of a Private Limited Company?
3. For Conversion of Proprietorship into private limited company do I have to be present in person?
4. Are there any other payments to be made for incorporation certificate of private limited in addition to the fee paid at the time of conversion?
5. What is the time taken by madrasfilings.com in conversion of Proprietorship into Private Limited Company?
6. Can NRIs/Foreign Nationals become a Director in Private Limited Company?
Why Choose Madras Filings
GOT QUESTIONS? GET A FREE CONSULTATION
We’re here to help answer your questions. Financial matters can be complicated, our experts are on hand to help inform you of every aspect regarding your topic.