The sole proprietorship of a natural person may be changed into a company limited by shares.

Legal analysis: Yes. Company change refers to the change of one or more items in the company's establishment registration. The contents of company change mainly include company name, domicile, legal representative, registered capital, company organization form, business scope and business term, and name change of shareholders of a limited liability company or promoters of a joint stock limited company. When a limited liability company is changed into a joint stock limited company, it shall meet the conditions of a joint stock limited company as stipulated in this Law.

Legal basis: Article 9 of the Company Law of People's Republic of China (PRC). Where a limited liability company is changed into a joint stock limited company, it shall meet the conditions of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law. Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.