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Every business feels the need of conversion of Sole Proprietor to Private Limited Company after the business starts growing and earning huge profits. The private company has many benefits like continued existence and limited liability. The private limited company considers the business and owner a different entity, which allows the business to have limited liabilities. The private limited company also provides more fund-raising options moreover. The death of a su sole proprietor will turn into the closure of the firm, but in a private limited Company this is not the case. Private company provides the business greater opportunities over the sole proprietorship.
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