Acquisition of business of contractor
(Querist) 06 July 2009
This query is : Resolved
Please advice the documents and law for acquiring the business of unregistered partnership firm, who is a contractor and providing services to thecompany interested in acquisition .
A V Vishal
(Expert) 06 July 2009
As far as an unregistered firm is concerned it has all inherent legal disabilities, hence advise not to take over such a firm, however, if you are still keen in acquiring it then I advise to first register it and then join as partners in the firm.