Proprietorship to Pvt Ltd Company

Transitioning from a proprietorship to a private limited company is a strategic move for growth-oriented businesses. As a private limited company, your business gains better credibility, access to funding, and limited liability protection for its owners. Our dedicated team at Accotale is here to streamline this transformation for you, ensuring a compliant, efficient, and hassle-free experience.

Our Services

All Inclusive Service-Inclusive of Government Fees

^₹ 6999

PAN Registration
TAN Registration
Includes ESI & PF Registration
Inclusive of GST Registration
Free 6 month of TDS Return Filing
Also includes Share Certificate
Free Consultancy from Chartered Accountant for 6 months

Active Plan

Why Convert Your Proprietorship

Whether you’re looking to attract investors, expand your business operations, or reduce liability, converting to a private limited company offers unmatched advantages. Let Accotale guide you through the process, so you can focus on growing your business.

Limited Liability Protection

As a private limited company, your personal assets are safeguarded, limiting your liability to your company’s assets.

Enhanced Credibility

Private limited companies are recognized as more professional entities, attracting investors, clients, and partners.

Funding Opportunities

Private limited companies have access to venture capital, angel investors, and bank loans, which are challenging for proprietorships to obtain.

Continuity and Succession

Private limited companies enjoy perpetual succession, meaning the company’s existence is independent of its owners’ lives.

Tax Benefits

Private limited companies often have access to better tax-saving options compared to proprietorships.

How Our Conversion Service Works

Initial Consultation
Discuss your business goals, timelines, and specific requirements with our experts.We provide a detailed roadmap for conversion, ensuring complete compliance with legal guidelines.

Name Reservation and Digital SignaturesWe assist in reserving a unique company name through the Ministry of Corporate Affairs (MCA) portal. Our team will also help you and your partners secure Digital Signature Certificates (DSCs).

Director Identification Number (DIN) Application
Our experts handle the DIN application process for all directors of the new private limited company.

Documents Required

Identity Proof PAN card, Aadhaar card, or passport of all proposed directors

Address Proof Latest utility bill, bank statement, or passport

Business Address Proof Rental agreement or sale deed of the business location

Photographs Passport-size photographs of all directors

How long does it take to convert a proprietorship to a private limited company. Typically, the entire process takes around 15-25 working days, depending on document submission and MCA approval times.

Will my old licenses and permits carry over to the new company?
No, any licenses or registrations will need to be reapplied for in the name of the new company. We assist you in understanding and managing the required re-registrations.

Are there any additional compliance requirements after the conversion?
Yes, private limited companies are required to follow annual compliances, including financial audits, filing returns with the MCA, and maintaining statutory records. We offer affordable compliance packages to ensure your company stays compliant year-round.

Is it mandatory to have two directors in a private limited company?
Yes, as per the Companies Act, a minimum of two directors is required for private limited companies in India.

Advantages of a Public Limited CompanyRegistration in India

At Accotale, we understand the significance of this transition and offer expert guidance every step of the way. From document preparation to filing and post-conversion compliance, our team makes it simple, efficient, and stress-free. Get in touch with us today to unlock the full potential of your business with a private limited company structure.

FAQ

FAQ's on

Convert Proprietorship to Private Limited Company

Why should I convert my proprietorship to a private limited company?

Converting to a private limited company enhances your business’s credibility, provides liability protection, and offers access to various funding sources like venture capital and bank loans. It also allows for easier succession planning and tax benefits.

What is the minimum requirement to convert to a private limited company?

To convert a proprietorship to a private limited company, you’ll need a minimum of two directors and two shareholders. Additionally, both the directors and shareholders can be the same individuals.

How long does it take to complete the conversion?

The entire conversion process generally takes around 15-25 working days, depending on document submission and MCA processing times.

Do I need to reapply for licenses and permits after conversion?

Yes, licenses and permits are non-transferable from proprietorships to private limited companies. Any existing permits will need to be applied for anew in the private limited company’s name.

Are there any ongoing compliance requirements after converting?

Yes, private limited companies are subject to annual compliance, including audits, filing returns with the MCA, and maintaining records. We offer compliance packages to help keep your business fully compliant year-round.

Testimonials

What Our Clients Says

Working with ACCOTALE ADVISORY PRIVATE LIMITED has been a game-changer for our business. Their expertise in financial structuring and tax consultancy has helped us optimize our operations and maximize our profits.The team is incredibly knowledgeable and always available to address our concerns.

The level of professionalism and attention to detail at ACCOTALE ADVISORY PRIVATE LIMITED is unmatched. Their accounting services have provided us with clear and accurate financial insights, allowing us to make informed decisions with confidence.

ACCOTALE's advisory services have been instrumental in guiding our financial strategy. Their deep understanding of the market and personalized approach made a significant difference in our growth trajectory. Their team truly goes above and beyond to ensure our success.