Transfer of sole proprietor business.
This query is : Open
Ayush Agrawal
(Querist)
27 September 2013
My friend is having a sole proprietor business(trading buss.) registered in the name of his mother. Business is not in operation since last 2 years.Now he wants to get it transfer to his name and continue operations. Please suggest the procedure and Legal requirements. Is there an option of transfer through gift deed?
07 October 2013
Make an agreement and sale deed of the business and take over all assets and liabilities from your mother. after that you get your name inserted at all places including trade licence to transfer the ownership.
Message likes :
1 times
17 October 2013
Appoint a lawyer and prepare a sale deeds and agreement to transfer all assets and liabilities to you.
Message likes :
1 times
Tapas Ruparelia
(Expert)
29 January 2015
I registration and payment of stamp duty in this case required?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
