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Sole Proprietorship to Private Limited Company

In a real sense, a sole proprietorship company during its expansion plans, cannot get the benefits of a company as it grows and there comes a need for the company to transform itself into a private limited company which entitles it to gain the benefits of higher capital, limited liability etc. The conversion into private limited companies also ensures the benefits bestowed to the members who became a part of private limited companies. Hence, before the conversion happens, the members need to have a tangible decision and consider all the factors involved and oversee the privileges which are intended

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