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Transferring a proprietorship

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(Querist)
07 February 2019 Hi,
One of my friends registered a software service company in MSME. He decided to transfer the company to another person. He didn't create any bussiness with that company. He just registered. He dont have a separate bank account also. And not yet filed the GST. What is the procedure to transfer the company.?
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 February 2019 since his is a proprietorship, he can transfer the business as a whole or he can transfer asset by asset. Choice is yours.

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