Stock transfer to firm

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audit staff
1203 Points Posted on 16 December 2021
my client has 4 persons like proprietors. now all proprietors business stop and then start new partnership firm. 4 partners are capital introduced, now 1 partner individual business stock transfer to firm capital account? is its possible ?
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On 16 December 2021 at 13:12 Report
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Quick Summary
A client is transitioning from a sole proprietorship with four owners to a new partnership firm. They are asking if stock from an individual proprietor's business can be transferred to the partnership's capital account as part of their contribution. This discussion aims to clarify the rules and possibilities surrounding such stock transfers when forming a new business entity.

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Profession
28271 Points Posted on 16 December 2021
Pls explain it's not clear
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On 16 December 2021 at 18:36
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audit staff
1203 Points Posted on 16 December 2021
Individual business stock can transfer to such individual is one of the partner in firm, stock can transfer to capital introduction?
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On 16 December 2021 at 20:07
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Profession
28271 Points Posted on 16 December 2021
Pls do not send this in this forum.
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On 16 December 2021 at 21:53

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