Convert Sole Proprietorship to Private Limited Company

Many entrepreneurs start their businesses as a sole proprietorship due to the low compliance requirements. As the business and the revenues grow, there is a need to separate the bank accounts and the tax filings of the sole proprietor and that of the business. To achieve this separation a possible solution is to convert the sole proprietorship into a private limited company and all you need to do is go ahead and start a private limited company and submit an agreement between the sole proprietor and the private limited company (Once it is Incorporated), declaring that all the assets are to be transferred to the Private Limited Company.

Advantages of Private Limited Company

  1. Private Limited Company has its own separate legal identity and can own property in its own name.
  2. In the Company form of Organization it is possible to make a valid & effective contract.
  3. A Company enjoys better Borrowing Capacity and it can issue debentures & can also accept deposits from the public.
  4. Shares of a Company limited by shares are transferable by a shareholder to any other person. The transfer of Shares is easy as compared to transfer of interest in business which runs as a proprietary concern.
  5. Unlike Proprietorships, in a private limited company the liability of the member in respect of the Company’s debts is limited.

Procedure

What you do

You just need to fill our simple form regarding the basic details of director and business activities & provide the KYC of directors.

 

What We do

Company’s registering In India need to get their name approved from the Registrar of Companies (ROC). We will be preparing and filing all the documents with the MCA.

What you get

Once the name will be approved by the ROC, We will register your Company via fastest process (SPICe).

Package

Basic Pack
₹24,999

Select this plan
  • DSC of the 2 Directors,
  •  DIN of the 2 Directors,
  •  Filing of Forms with ROC,
  •  Name Approval of Company,
  •  25 printed copies of MOA & AOA
  •  Certificate ofI ncorporation of Company,
  •  Share Certificates,
  • PAN Card of Company,
  • TAN of Company.,
  • MCA Fees included
Standard Pack
₹ 34,999

Select this Plan

Basic Pack

+

 

One Financial Year TDS Return filing

& Consultancy

+

One Financial Year Service Tax Return Filing & Consultanc

Premium Pack
₹44,999

(Complete Compliance Package)

Select this Plan

Standard pack

+

Annual Filing of Company

+

Tax Consultancy & ITR filing

+

Service Tax Return Filing

+

Book Keeping Service

+

Minutes & Statutory Registers

(for one financial year)

Frequently Asked Questions

Is it necessary to have 2 directors in a Private Limited Company Registration?

Yes, you need a minimum of two Directors for a private limited company. If you are the sole owner, you can register as a One Person Company.

Will the package value will remain the same if I already have my DSC and DIN?

NO, If you already have your DSC and DIN, you will definitely get some relief on the above mentioned packages.

What is the minimum Capital requirement to start a Private Limited Company?

A Private Limited Company can be started with a minimum authorised capital of Rs. 1 lakh. There is no mandatory requirement for a minimum paid up capital.

Do I need to be physically present for the Completion of this process of Conversion?

All the documents are filed in electronic form and there is no need of any physical presence.

Reach Us

Leave Your Message Here

Mobile *

or mail us at contact@axeurtax.com
X
CONTACT US