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Convert a non-corporate business into corporate form?
After successful business affairs of few years & in order to grow to next level, it would always be advisable to convert your proprietary or partnership entity into One Person Company (OPC) or Limited Company or LLP or Producer/ Agriculture Company or Charitable Company (Section 8 Company). There are distinct advantages of moving to corporate form of business. As a Promoter/ Director you will also benefit from inherent protection of Limited Liability & Perpetual Succession & have advantage of Corporate Designation. We at Bizfirst do in-depth study & provide you analysis of your existing structure & advice you on moving to the right corporate structure.
For all your conversion related queries, corporate & tax understanding, connect to our Biz Smart Executive