After death of owner of a sole proprietorship firm is legal heir who is continuing the firm bound to continue ongoing contracts?
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Sole Proprietorship Firm legal heir ongoing contracts
Replies (2)
Quick Summary
No. legal heir is not responsible for his father's/ mother's contacts.
@ Mr Sunanda,
What is Your exact question...???
For general view,
In case the firm (proprietor) can't register under any act then legal heir can run the business.
But, in case registered then legal heir will follow up based on the provisions of the registration..
What is Your exact question...???
For general view,
In case the firm (proprietor) can't register under any act then legal heir can run the business.
But, in case registered then legal heir will follow up based on the provisions of the registration..
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