banner_ad

Sole Proprietorship Firm legal heir ongoing contracts

Labour & Industrial 889 views 2 replies
User Avatar

5 Points Joined October 2023

After death of owner of a sole proprietorship firm is legal heir who is continuing the firm bound to continue ongoing contracts? 

0 Reply Share Follow
On 12 December 2023 at 13:34 Report
Replies (2)
User Avatar

Accountant
1227 Points Joined September 2015
No. legal heir is not responsible for his father's/ mother's contacts.
1 Reply
On 20 December 2023 at 09:46
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
@ 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..
Reply
On 20 December 2023 at 21:48

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details