Sole Proprietorship to HUF
This query is : Resolved
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Chaithanya Anne
(Querist)
31 January 2023
Can I transfer my Sole Poprietorship firm to HUF by MoU? Pls provide format of such MoU?
CA R SEETHARAMAN
(Expert)
31 January 2023
Yes you can do so. Make an agreement with your HUF by way of declaration and transfer the same to the HUF.
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Chaithanya Anne
(Querist)
31 January 2023
Can I do that even when I am also the Karta of the HUF?
CA R SEETHARAMAN
(Expert)
31 January 2023
Yes, you can do it as Karta.
Chaithanya Anne
(Querist)
02 February 2023
What are the Clauses I need to add to such an agreement of transfer from sole proprietorship to HUF?
CA R SEETHARAMAN
(Expert)
02 February 2023
Draft your own agreement.
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