transfer of proprietor ship business

Querist : Anonymous (Querist) 01 May 2011 This query is : Resolved
I aunty have her own family (Son& Husband). But she wants to transfer her proprietor ship business to my name .I want to know what are the formalities she has to follow to do the same?

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DEFENSE ADVOCATE.-firmaction@g (Expert) 01 May 2011
You can buy it or enter in partnership and she will retire thereafter.

Devajyoti Barman (Expert) 01 May 2011
She can do so by executing a deed of gift which unlike partnership does away with any future complications/disputes.

Guest (Expert) 01 May 2011
Gift deed will be better.

Guest (Expert) 07 May 2011
Yes, i agree with the experts , Gift deed is better.

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