Question ID :
40391
How to change proprietor
A proprietor ship firm wants to change its proprietor in the existing firm. What's the best way to do the same.
Posted by
SURAJ KUMAR CHOUDHURY
on
Sep 14, 2019
Filed Under
SME
Answer ID :
83586
The original proprietor should get the valuation done for his business and after getting the required consideration from the prospective proprietor, the proprietor will change. It can be done through gifting of his business to his close relatives or others through a deed of gift.
Posted by
CA. JHA SHANKAR KUMAR on
Aug 09, 2022