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Sole Propriter

This query is : Resolved 
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(Querist)
10 July 2009 HI

My dad is haivng sole propriter business
(Air Conditioner Repair Center) we are filling return on my father name now my wants to retired and the business continue by myself but i dont knw what is the procesure for continue the business & how can i transfer all activity on my name.
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Ratan Sharma

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Ratan Sharma (Expert)
10 July 2009 Hi,
Prepare the agreement for transfer of business on the stamp paper of Rs. 100/-. Pass the necessary entries in the books of accounts as if you have purchased the business as going concern.
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