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Transfer of sole proprietor business.

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(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?

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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 October 2013 Appoint a lawyer and prepare a sale deeds and agreement to transfer all assets and liabilities to you.
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Tapas Ruparelia

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Tapas Ruparelia (Expert)
29 January 2015 I registration and payment of stamp duty in this case required?
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