Proprietorship firm to Private Limited Company

Many start-ups register as a ‘Private Limited Company’ as it is the only entity to get Seed funding. It is thus the most popular legal entity in India.

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WHAT IS PRIVATE LIMITED COMPANY?

A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

WHY CONVERT PROPRIETORSHIP INTO LLP?

By converting a partnership firm into LLP, partners will be able to enjoy the benefits which LLP offers such as limited liability, separate identity for the entity, unlimited partners etc. LLP is Ideal for – Entrepreneurs who want a Separate Legal Entity with Limited Liability and Perpetual Succession. Entrepreneurs who DO NOT wish to raise Venture Capital, Seed or Angel Funding.

WE SERVE EVERYWHERE

praveenatax.com is web portal of Govche India Private Limited with operations since 2010. praveenatax.com is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe

FREE CONSULTATION

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INCOME TAX

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

BUSINESS LICENSES

Our Professionals Will help you in getting your business licensesand Business
licenses necessary for smooth running of businesses.

FINANCIAL SERVICES

we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights.

GST RETURNS

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN.

WHAT IS THE PROCEDURE FOR PRIVATE LIMITED CONVERSION?

  • A new private limited company has to be incorporated which will take over the sole proprietorship concern such as DIN & DSC,(MOA,AOA) & Affidavit,Apply in Form,Company Registered
  • Digital signature for atleast one director is required
  • If any director already possess DIN it can be used. Else, application for DIN can be made

WHAT INCLUDES IN THIS PACKAGE?

  • Verification of Documents
  • Applying DPIN and DSC for the partners
  • File LLP Agreement
  • Incorporation Certificate will be delivered

FAQS

Any person above 18 years can become a director. Non-residents can also become director of Indian companies.

Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.