Can business in India change it’s legal entity type?

Certainly, it is possible for a business in India to switch its legal entity type. The process of changing a business’s legal entity type includes multiple steps such as seeking advice from experts, establishing a new entity, transferring assets and operations, closing down the previous entity, and informing stakeholders. The specific procedures involved can differ based on the existing and desired business structures and legal regulations. It is essential to seek guidance from professionals and execute all steps accurately to prevent potential legal and financial consequences.