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You need to submit an agreement between the sole proprietor and the private limited company which will declare that all the assets have to be transferred to the private limited company. But as soon as the business grows, the bank accounts and the tax filings of the Sole Proprietor and of the business need to be separated.
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Submitted by Ria Gupta
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Featured Bookkeeping and Accounting
Prifinance was founded in 1995 and immediately took its place in the legal services market. Specialists offer comprehensive services to support clients' businesses. 28 years ago, the company was established to fill the gap in international consulting and eventually became a global holding company. The team helps open a corporate or personal bank account abroad, register a company, and provide...