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
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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
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