To buy existing bussiness through private limited company

Others 262 views 2 replies
Have a doubt, Mr XYZ has a food Business running since 10 months. He invested his own money say 10 Lakhs for its existence and sustenance. In order to increase the value of his brand and to open similar food chains, He had recently incorporated a private limited company on same food clause to receive more shareholders. He wants to bring the existing outlet which he invested solely under the company and encase his own investment of 10Lakhs for personal use. What should be the way forward?
Replies (2)
is the existing food business a proprietary concern?

Yeah, Its is sole properiatorship food bussiness.


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