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Structural division: books
Article 538 — Formation by Conversion from a Sole
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
Croprietorship to a One Member Private Limited Company A trader may convert his enterprise from a sole proprietorship into a one member private limited company. The trader shall, however, remain jointly and severally liable with the company for all debts incurred prior to the formation of the one person private limited company through conversion.
