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Ever (Not known)     18 November 2014

Sole proprietor pass way - wife continue the business

My father running small sole properitorship business, recently he passed away. Can wife or son carry out the same firm with out any name change or VAT TIN number change. 

Spoken to accountant, he advised whoever takeover business, he has to apply the new TIN number and  do the transaction freshly.  And our problem, we have lot of stock in godown and vendor list is not trackable, so we want to carry out as it is.. Please advise what options we have?

 



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