Individual sole proprietorships can be directly converted to limited companies without the need for cancellation. The first "direct conversion" license in the country was issued in Beijing.

"I didn't expect it to be so convenient to change the business license, without needing to cancel and directly make the change, it solved a big problem for us." On July 15, the person in charge of Beijing Anxutang Pharmacy Co., Ltd. said after receiving the business license at the Fangshan District Government Service Center. The reporter learned from the Municipal Market Supervision Bureau that on July 15, after the official implementation of the "Regulations on the Administration of Individual Industrial and Commercial Registrations", the company became the first in the country to transform from a sole proprietorship to a limited liability company according to the new regulations.