Sole Proprietorship to HUF

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Chaithanya Anne (Querist)
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31 January 2023 Can I transfer my Sole Poprietorship firm to HUF by MoU? Pls provide format of such MoU?

CA R SEETHARAMAN (Expert)
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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)
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31 January 2023 Can I do that even when I am also the Karta of the HUF?

CA R SEETHARAMAN (Expert)
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31 January 2023 Yes, you can do it as Karta.

Chaithanya Anne (Querist)
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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)
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02 February 2023 Draft your own agreement.

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