Change of proprietor

Nikhil (Querist) 19 November 2014 This query is : Resolved
Hello,

My dad has a proprietor business and it is wholly managed by him, but the said firm is in my name and I am the signatory to the bank correspondence and Cheques as a proprietor.

I now wish that the firm now be in my dad's name without the change of the bank account along with all rights and liabilities since the inception of the firm.

Pls help how can this be done, can this be done by an assignment deed if yes, pls help me with one

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ajay sethi (Expert) 19 November 2014
it can be done by assignment deed . we dont provide drafts

Devajyoti Barman (Expert) 19 November 2014
You can make him a partner also.

Rajendra K Goyal (Expert) 19 November 2014
May introduce your father as partner or gift / sell out / assign the whole business to your father. Consult a local lawyer for procedure.

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