A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person, easy to start. However, after the startup phase, proprietorship's do not offer the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence - which are desirable features for any business. Therefore, transferring the business to a private limited company would be the best option and Greenleaf make it easy now. All you need to do is go ahead and start a private limited company and submit an agreement between the sole proprietor and the private limited company, declaring that all the assets are to be transferred to the latter.
If you are not satisfied for any reason, we will refund professional fees. No question asked