Growing proprietorships often move into a Private Limited Company for limited liability and credibility. There is no single “conversion form”, so the move is planned in steps.
The usual route
- Incorporate a new Private Limited Company.
- Transfer the business to the company through a business transfer agreement, covering assets, liabilities, contracts and employees.
- Update or re-apply for registrations in the company's name: GST, Udyam, licences, bank accounts and vendor/customer records.
- Inform customers, vendors and your bank about the change.
Points to plan for
- Tax treatment of the transfer and the effect on existing assets.
- GST registration, input credit and invoicing under the new entity.
- Existing contracts, trademarks and licences that need to be assigned or re-issued.
- Employee records and statutory registrations.
Why plan it with us
The legal steps are straightforward, but the order matters. We map the transition so that billing, GST and bank operations continue without a gap.
Common questions
Will I lose my GST number?
The company usually needs its own registration. We plan the changeover so there is no gap in invoicing.
This guide is general information, not professional advice. Rules, thresholds and timelines change, so we confirm the current position for your case before filing. Government fees are separate from our service charge and are quoted before work begins.