purchase of sole propeitorship

Querist : Anonymous (Querist) 28 December 2009 This query is : Resolved
sir
plz tell me how to takeover the business of sole propeitorship in following situation

we have a business as sole propeitorship the owner of which is mr. A and he has formed a pvt company with his friend to do the same business now what procedure should we follow to acquire the business of sole propeitorship which would attract less formalities and tax

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