Takeover of Partnership Firm

Hi

you have to make business purchase agreement and also consider which assets you are going to take.also take income tax applicable in case of assets purchase. Also mention the consideration whether cash or shares.

Hi

Please find the details procedure for the same.

Regards

I do not want Part IX conversion.What is the procedure for  Takeover of  business of the Partnership Firm?

Is stamp Duty Under Bombay Stamp Act is applicable?

@ Pooja: Business purchase agreement needs to be entered. Stamp duty is applicable on the NET ASSETS Value derived. Stamp duty rate will be same as of conveyance deed.

Thank You..How much will be te stamp duty rate?

Its according to your state stamp act.

Hi all...can you provide me with the format of the business purchase agreement.

rgds...