Grow Your Business by Converting the Proprietorship to A Private Limited Company with Our Expert Guidance

Most entrepreneurs start a business with a vision of making it big. However, they begin the business as a sole proprietorship due to simple compliance requirements. It means when the business establishes itself and experiences a boom, you may consider transforming it into a private limited company with less liability. A business with more revenue can restrict the liability and bank attachment with the move of converting it into a private limited company.

This move can also impact tax filing. You can take steps to convert proprietorship to private limited company in compliance with the Companies Act of 2013. It makes your business a separate legal entity. It reduces the liability risk and the personal assets can remain safe from fraud.

When you choose to convert proprietorship to Pvt Ltd, your company shares remain private. Also, you must file taxes under the 1961 income tax act. It differs from the sole proprietorship where the income generated by your business comes under individual income during tax filing. We offer you guidance to complete the complex conversion and safeguard your business. kaydababa can assist you in each step needed to make your business a private limited company.

Document Needed to Convert Proprietorship to Private Limited Company

You can convert sole proprietorship to private limited company registration with proper documents. We can help you apply with the following with our expert assistance:

• A copy of ID and address proof of the company directors (A copy of PAN card, voter ID, driver’s license for residents or a copy of passport for foreign professionals)
• A copy of the POA/ Letter of Authority(Voter ID or Driver license, or Passport)
• A copy of registered office address proof (It can include a scanned copy of the rentagreement, utility bills, or sale deed)(Bank statement or electricity bill or telephone bill)
• A scanned copy of a passport-sized photograph with a signature specimen of the directors

Why Choose Kaydababa to Convert Sole Proprietorship to Private Limited?

We at kaydababa helpconvert proprietorship to private limited company service by leveraging the latest tech capabilities. We have an expert team of professionals with experience and skills to meet the realistic expectations of the clients. Our professionals handle all the paperwork and ensure our clients can enjoy a seamless interactive process with the Indian government. We offer clarity on the steps to convert proprietorship to private limited company in India. You can connect with our professional to complete the process without delay. We partner with you to offer support and guidance throughout the business cycle to ensure business compliance and growth.