Hello, Is is mandatory to convert a sole proprietor into private limited company once it achieves a certain annual turnover/profit? If yes, then what is that amount after which it is mandatory to convert proprietor into limited company
Menu
Sole propriteor to private limited
Replies (3)
No such requirement for proprietor.
One person company (OPC) needs to convert into pvt company.
Thankyou for the reply. I am going to open a chain of pharma shops. Is it possible to open any number of shops and all the shops will be on my name only as a sole propriteor?
https://www.indiafilings.com/one-person-company
Recent Threads
- 234 f penalty
- GST REGISTRATION FOR CARPENTER WORK
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
Related Threads
CAclubindia
