Transferring a proprietorship
This query is : Resolved
Naveen Andrew
(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.?
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.?
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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