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Proprietorship firm merger to patnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2013 Respected Sir,

I am a sole proprietor and I am a HR providing firm in Government Sector for last 9 years. My problem is that I and other Company which is also sole proprietor is also same kind of business from last 12 years. We have all kind of Government Registration like (P.F., E.S.I.,) etc., now other proprietor offers me to merger his company and become a partner in his firm, whit his company name and close my company and surrender all my government registration. He gives me only my share of profit in his firm and become of his partner.
In future, if he cancel partnership and terminated all kind of agreement so what kind of action we will take to other company.
Thanking You.
Bhavin Sukani
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
18 April 2017 Very old query need to be closed now
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