A present running partnership firm is to be closed and all it's movable and immovable properties, liabilities etc are to be given to a separately formed new private ltd company ? how to do this? What will be the steps.? Regards.
S RAMESH (Accounts Executive) 21 September 2010
A present running partnership firm is to be closed and all it's movable and immovable properties, liabilities etc are to be given to a separately formed new private ltd company ? how to do this? What will be the steps.? Regards.
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 22 September 2010
It is still better to form LLP which has all the advantages of Pvt Ltd and less formalities. Morever you will not have to pay capital gains tax for conversion to LLP.
Shayan Khan (B.com) 22 September 2010
M.V.GIRI (ADVOCATE & TAX CONSULTANT) 25 September 2010
SIR, YOU PREPARE A MEMORANDUM OF UNDERSTANDING TO PURCHASE THE BUSINESS AS A WHOLE BY THE PVT LTD CO. THAT MEANS THE CO HAS PURCHASED ALL ASSETS AND LIABILITIES OF THE FIRM.
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