Scale your business by converting your sole proprietorship into a Private Limited Company. Unlock benefits like limited liability, equity funding, and perpetual succession.
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Conversion involves transferring the ongoing business of a sole proprietorship to a new Private Limited Company. All assets and liabilities of the proprietorship are taken over by the new company. This is ideal for growing businesses that need to raise funds and limit personal liability.
Your personal assets remain safe in case of business losses, unlike in a proprietorship where liability is unlimited.
Private Limited Companies can issue shares to raise equity funding from VCs and Angel Investors.
The business continues to exist even after the death or retirement of the founder, ensuring longevity.
No capital gains tax is levied on the transfer of assets from proprietorship to the company, subject to conditions.
Obtaining Digital Signature (DSC) and DIN for the proprietor and new director.
Applying for name reservation for the new company on MCA.
Drafting the Takeover Agreement, MOA, and AOA mentioning the takeover.
Filing SPICe+ forms with the ROC. Once approved, the COI is issued.
We provide a dedicated Startup Advisor, monthly compliance status reports, and ensure 100% accurate filing at the lowest fees in the market.
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