Acquisition of business of contractor

BHAWNA (Querist) 06 July 2009 This query is : Resolved
Hi,

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 .

With Reagrds

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A V Vishal (Expert) 06 July 2009
Dear Bhawna

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.

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