CONVERSION OF PROPREITORSHIP TO PVT LTD
- Perpetual Succession: Company enjoys the status of perpetual succession as it does not come to an end if the shareholders or members cease to exist.
- No capital gains tax: No Capital Gains tax shall be charged on transfer of property from Proprietorship firm to Private Limited Company.
- Limited liability: Businesses often need to borrow money. In a private limited company, only the amount invested in starting the business would be lost; the directors’ personal property would be safe.