Business Studies, asked by ishusharma2084, 11 months ago

How to transfer ownership of sole proprietor business in accounting india?

Answers

Answered by TonightGamer73
0

Answer:

A sole proprietorship is the alter-ego of its owner. Business assets and liabilities of a sole proprietorship are personally owned by the sole proprietor, not by a separate business entity. The sole proprietor can transfer her business by selling its tangible and intangible assets; thereby, transferring the responsibility of running the business to a new owner.

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