Conversion of proprietorship into company
Conversion of proprietorship into a company involves transforming a sole proprietorship business into a separate legal entity with limited liabilit
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What is a Conversion of proprietorship into company?
Conversion of proprietorship into a company refers to the process of transforming a sole proprietorship business structure into a company structure. This involves legally establishing a separate legal entity with limited liability and distinct ownership structure.
Benefits of Conversion of proprietorship into company
- Limited liability protection for the owner(s).
- Separation of personal and business assets.
- Enhanced credibility and professional image.
- Access to capital through equity funding.
- Potential for easier business expansion and scalability.
What Are The Documents Required For Registering A Conversion of proprietorship into company?
- Memorandum of Association and Articles of Association.
- Conversion application form.
- Copy of proprietorship registration certificate.
- Identity proof and address proof of the proprietor.
- PAN (Permanent Account Number) card of the proprietor
Why Ention
Sole Proprietorship is the easiest form of business done in India since it Isn't governed by any specific laws. Under sole proprietorship's, the compliance's are minimal and easy to fulfil. Sole Proprietorship means a business carried on by one person. The decision making and management of the business is in the hands of a single person.
Our Deliverable
It is the easiest form of business done in India since it Isn't governed by any specific laws. Under sole proprietorship's, the compliance's are minimal and easy to fulfil. Sole Proprietorship means a business carried on by one person. The decision making and management of the business is in the hands of a single person.