banner_ad

proprietory firm

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 February 2009 I want to know that if two brothers are doing a manufacturing business but it is on the name of elder brother as a Proprietor & other brother is not an official partner. In this case if the brother (not offical partner) DIED then what is the good option for his family members whether to go for Partnership or ask for 50% share in written & and continue like this .
Please provide me the best option in this case.
Profile Image

Taxguy

Profile Image

Taxguy (Expert)
10 February 2009 Much depends on action rather than in writing. If elder brother is maintaining the Propreitor firm well and paying proper amount to the surviving people of younger brother, let it continue as it is.

If not, then go for partnership bring the spouse ofr LR's of the deceased younger brother.
Profile Image

saurabh luthra

Profile Image

saurabh luthra (Querist)
10 February 2009
Profile Image

saurabh luthra

Profile Image

saurabh luthra (Querist)
10 February 2009 I want to know the details if we go for partnership or show deceased partner's spouse as creditor.
please provide me the full details.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
26 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details