Pawn broker business

Ankita Jain (CA,CS) (28 Points)

14 November 2014  

I want to know how a pawn broking business(owned by a sole proprietor) can be transferred to his/her relative. How can all the assets and liabilities of the business with transferred to the purchaser of the business? Is there a document/form/agreement for this? What are the applicable laws and regulations?