Sole Proprietorship To OPC
One Person Company is an advanced and improved form of Sole Proprietorship, an excellent business structure for medium-sized firms. The difference between a Sole Proprietorship and One Person Company is that in the latter, the single promoter controls the company limiting his liabilities towards the company and protecting his assets. One Person Company should also appoint a director for management purposes. However, it must also have a nominee so the company has a continuous existence, unlike a sole proprietorship. Now the most important question arises when I should apply for conversion? The answer to this question is that when the business grows and the stakes are high, applying to convert your sole proprietorship into a One Person Company is a good business decision.
Are you planning to convert your Proprietorship to One Person Company (OPC) in India? Then you are in the right place. Vakilkaro will help you to convert your Proprietorship to One Person Company OPC. The following information includes the documents required, eligibility requirements, procedure, advantages, and other relevant details for conversion. Use Vakilkaro to hire the best lawyer in India to Convert Proprietorship to One Person Company. Vakilkaro expert lawyer team will help you in each step.
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