How do you transfer ownership of a soleproprietor own business to some one else?

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How do you transfer ownership of a soleproprietor own business to some one else?

the reasons are due to the present owner having rheumatoid arthritis and is permanently disabled and receives disibility, so the business is unable to make any money from it.

2006-10-12 08:06:55 · 3 answers · asked by Anonymous in Business & Finance ➔ Small Business

3 answers

Get a lawyer to draft up the papers or get in touch with the small business bereau.

Carpe Diem!

2006-10-17 16:15:02 · answer #1 · answered by afrodyzyak 5 · 0⤊ 0⤋

Agree with Bama

2006-10-12 15:17:02 · answer #2 · answered by ╣♥╠ 6 · 0⤊ 0⤋

easiest way would do a sale of the business for $1.00 and transfer it that way.

2006-10-12 15:15:42 · answer #3 · answered by Bama78 1 · 1⤊ 0⤋