Sole Proprietorship to HUF
This query is : Resolved
31 January 2023
Can I transfer my Sole Poprietorship firm to HUF by MoU? Pls provide format of such MoU?
31 January 2023
Yes you can do so. Make an agreement with your HUF by way of declaration and transfer the same to the HUF.
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31 January 2023
Can I do that even when I am also the Karta of the HUF?
31 January 2023
Yes, you can do it as Karta.
02 February 2023
What are the Clauses I need to add to such an agreement of transfer from sole proprietorship to HUF?
02 February 2023
Draft your own agreement.
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