Proprietorship Firm Registration Consultant

1. Apply for PAN (if not already held).
2. Reserve and register business name (informal — keep records).
3. Open a current bank account in business name (requires business proof).
4. Obtain Shops & Establishment registration as per state rules.
5. Register for GST if turnover crosses threshold.
6. Consider MSME/Udyam registration for benefits.

Converting to a Private Limited Company

A sole proprietorship can be converted to a Private Limited Company by incorporating a company under the Companies Act and transferring assets & liabilities. Typical prerequisites include:

• At least two directors and two shareholders (owner should be a director)
• DIN for directors, DSC for filings, minimum paid-up capital as required
• Transfer of assets, update PAN/TAN, modify bank account