A sole propreitorship firm wanted to convert their firm into private limited company .
how shall closing stock capital asssets and liabilities transfer to company
1 Replies
Abhishek5g
(CA)
(167 Points)
Replied 24 April 2018
i think u have to sell ur assets registered in individual name to company after its incorporation as it is separate entity.. as regards liabilities i dont think they r transferrable as they r of ur own..
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