Proprietorship to Pvt Ltd Conversion
Convert your sole proprietorship to a Private Limited Company — gain limited liability, equity access, and scalable structure.
Key Benefits
Eligibility & Requirements
- Existing proprietorship business with clients and contracts
- Assets and liabilities to be transferred at agreed values
- New Pvt Ltd Company must be incorporated first
- Business transfer agreement (slump sale or itemized)
- GST, bank account, and licenses to be updated in new name
Documents Required
Frequently Asked Questions
Will GST registration transfer automatically?
No. A new GST registration must be obtained for the new company. The proprietorship GST must be surrendered. Existing input tax credit can be transferred under GST Rule 41 if the business is transferred as a going concern.
What is a slump sale in business conversion?
A slump sale is the transfer of an entire business as a going concern for a lump sum consideration without itemizing individual assets. It is commonly used in conversions to avoid complex asset-by-asset valuation. Tax implications under Sec 50B of IT Act apply.
Get Started Today
Free consultation · No commitment required
Related Services
ROC Annual Filing (Pvt Ltd)
Annual ROC compliance — AOC-4 and MGT-7 filings — for Private Limited Companies.
LLP Annual Filing
Annual LLP compliance — Form 11 (Annual Return) and Form 8 (Statement of Accounts).
Director KYC (DIR-3 KYC)
Annual DIR-3 KYC filing to keep your Director Identification Number active and compliant.
Ready to Start Your
Business Journey?
Let our Chartered Accountants handle your registrations, taxation and compliance while you focus on building your business.