Sole Propriter
This query is : Resolved
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.
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.
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.
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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