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?
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.