19 September 2013
hello i have need to help . one of the my client have still vasan business in propritor ship but now he decide to start business in patnership firm...then what about ded stock of that firm and fixed asset how to trf in patnership firm... i have to need full information regarding that problem pls reply
19 September 2013
Officially it should be a takeover on papers, consult a lawyer he will properly guide you to covert prop business to partnership via deed of transfer and other legal documents to be made.