ARE THE ASSETS OF THE SOLE PROPRIETORSHIP TRANSFERRED TO THE PRIVATE LIMITED COMPANY?

ARE THE ASSETS OF THE SOLE PROPRIETORSHIP TRANSFERRED TO THE PRIVATE LIMITED COMPANY?

The assets of proprietorship can be converted into capital for the Private Limited Company, via the making of resolutions and further contracts/agreements. Any debt owing to any creditors (including fines/penalties) will have to be settled before the transfer of such assets.


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