SOLE PROPRIETOR BUSINESS FULLY TRANSFER TO WIFE NAME
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2011
I have a sole proprietor business . Now I have got Govt. Service . So i want My full business transfer to my wife name .
Please suggest the procedure .
Please suggest the procedure .
06 June 2011
According to me you need to submit the transfer form along with all the document of your wife, that you have submitted at the time of registration in your name.The form you can find in the Department.
CA MANOJ GUPTA
(Expert)
06 June 2011
U WILL HAVE TO SALE THIS BUSINESS TO UR WIFE THAT IS THE ONLY OPTION
10 October 2012
Close your proprietorship business it has no fixed asset and open a proprietorship in same or similar name from scratch. Transfering to your spouse name without adequate consideration can be a messy problem.
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