Sole proprietorship to pvt ltd co

Tax planning 167 views 1 replies

A sole propreitorship firm wanted to convert their firm into private limited company .

how shall closing stock capital asssets and liabilities transfer to company

 

Replies (1)
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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