TaxTMI 
TaxTMI 
Prop. gives his Stock and Fixed Assets to New Partnership FIrm as a Capital Investment into therein.
My Que is is it Legal.? what is Legal Process.?
PROP GIVES HIS STOCK AND FIXED ASSET TO HIS PARTNERSHIP FIRM
21 May 2019 
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Contribution of business assets to a partnership as capital: questions on legality and required legal process.
A proprietor proposes to give his trading stock and fixed assets to a newly formed partnership as a capital contribution; the central question is whether that transfer is legally permissible and what form, documentation, and procedural or compliance steps are required to record the contribution to the partnership's capital. (AI Summary)
A proprietor proposes to give his trading stock and fixed assets to a newly formed partnership as a capital contribution; the central question is whether that transfer is legally permissible and what form, documentation, and procedural or compliance steps are required to record the contribution to the partnership's capital. (AI Summary)