Conversion of Proprietorship to Private Limited Company

Ideal for growing businesses

Starting At Rs. 13,999 Onwards

SAVE 60% COST…!!!

(Takes < 15 days)

Convert Proprietorship to PVT

Conversion of Sole Proprietor to Private Limited Company

Many business people start their businesses as a Sole Proprietorship due to the low compliance requirements. As the business and the incomes grow, there is a need to separate the bank accounts and the tax filings of the Sole Proprietor and that of the business. To accomplish this separation a possible solution is to convert the Sole Proprietorship into a Private Limited Company.

To convert a Sole Proprietorship into a Private Limited Company, an agreement has to be executed between the Proprietorship and the Private Limited Company (once it is incorporated) for the sale of the business. Further, such Private Limited Company so incorporated must have “the takeover of a Sole Proprietorship Concern” as one of the objectives in its Memorandum of Association.

Conversion to Sole Proprietorship is done through LegalRaasta.

What is Included In Our Package?

DIN for 2 Directors

Digital Signature For 2 Directors

Name search & approval

MOA/AOA

Registration Fees

Company PAN Card

Procedure For Conversion

Complete our Simple Form

You are required to fill the details in our simple questionnaire and submit documents.

START

Obtain DSC and DIN. from us

After submitting your documents we will provide you with DSC and DPIN.

12 WORKING DAYS

Verification and Name Approval

For further procedures, details provided by you will be verified by our experts.

2 WORKING DAYS

Document Submission

We will create your documents and application and file them with ROC.

20-25 WORKING DAYS

Your work is completed

Once your company is incorporated, we shall send you all the documents and DSCs.

CONGRATULATIONS

Documents Required For Conversion

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)
Landlord NOC (Format will be provided)

Conditions for Conversion

All the assets and the liability of the Sole Proprietory concern relating to the business immediately before the succession become the assets and the liability of the company.

The shareholding of the sole proprietor in the private limited company is not less than 50% of the total voting power in the company and his shareholding continues to remain so for a time period of 5 years from the date of the succession.

The sole proprietor does not receive any benefit or consideration, directly or indirectly, in any form or manner, other than by way of allotment of shares in the company.