Opening a branch of a sole proprietorship
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2014
Hello All,
We have a sole proprietorship registered in state A and want to open a firm with the same name and same proprietor in state B.
So, I wanted to know the pros and cons of it and how will the stock get transferred and is it any useful at all. Or should I open another firm with same name and a different prop. may be?
Any help is appreciated. Thank you.
p.s. I couldn't find any resource regarding the rules and regulations for opening a branch of proprietorship firm on the internet.
We have a sole proprietorship registered in state A and want to open a firm with the same name and same proprietor in state B.
So, I wanted to know the pros and cons of it and how will the stock get transferred and is it any useful at all. Or should I open another firm with same name and a different prop. may be?
Any help is appreciated. Thank you.
p.s. I couldn't find any resource regarding the rules and regulations for opening a branch of proprietorship firm on the internet.
CA R SEETHARAMAN
(Expert)
09 December 2014
For sole proprietorship opening branch no rules applicable except sales tax registration in that state. Stock transfer you can do it. No necessity to open another firm.
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