Change of Legal entity status from Partnership firm to Proprietorship
This query is : Resolved
10 September 2022
A client is having a proprietorship firm and is also a partner in a partnership firm. Now the client wants to close his partnership firm so I want to know what's the procedure to transfer all the assets & liabilities of the partnership firm to his proprietorship firm.
CA R SEETHARAMAN
(Expert)
11 September 2022
Dissolve partnership with a deed and mention in the deed take over of the assets by one patner and settlement to other partners.
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