Transfer of sole proprietor business.
This query is : Open
27 September 2013
My friend is having a sole proprietor business(trading buss.) registered in the name of his mother. Business is not in operation since last 2 years.Now he wants to get it transfer to his name and continue operations. Please suggest the procedure and Legal requirements. Is there an option of transfer through gift deed?
07 October 2013
Make an agreement and sale deed of the business and take over all assets and liabilities from your mother. after that you get your name inserted at all places including trade licence to transfer the ownership.
Message likes :
1 times
17 October 2013
Appoint a lawyer and prepare a sale deeds and agreement to transfer all assets and liabilities to you.
Message likes :
1 times
29 January 2015
I registration and payment of stamp duty in this case required?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
