Service Overview
The process of converting a Sole Proprietorship into a Private Limited Company, transferring the business and its assets/liabilities to the newly incorporated company.
Who Needs It / Purpose:
Growing proprietorships wanting limited liability, better funding access, and a formal corporate structure.
FAQs:
Q: Does the proprietorship's PAN carry over to the company?
A: No, the new Private Limited Company gets its own PAN as it is a separate legal entity.
Q: What happens to existing licenses/contracts?
A: They generally need to be transferred or reapplied for in the new company's name.