Sir we run a propreitorship firm in gst in fathers name...
But he now expired..
Then what we will do..? What we have to open new prop firm or we can continue old one?
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what will we do.. after death of proprietorship firm
Replies (2)
You can run the same with new registration after transferring all your stock to new GSTIN
The death of a sole proprietor does not mean operations immediately cease, however. If the sole proprietor authorized his personal representative to care for the business upon her death, the operations may continue. Additionally, the sole proprietor’s heirs could choose to continue the business, either as a new sole proprietorship or as some other business form.
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