Not sure this is the right place to ask. We are a registered Retail business company in chennai. One another person also doing the same business for the last 50 years but its unregistered one person business with no big assets. The main reason we though of paying something to him and get this takeover ( not assets if any , just a legal paper takeover kind ) SO that we can say/advertise our company is 50 plus years old ( stating his business start year as ours ) . As his business is unregistered with no records , is there a proper way to close this and achieve our goal ?
Thanks in advance
Maha
CAclubindia
