Can someone guide me with the legalities of transferring a running business. The owner says the business is running for 3 yrs (it is in the service industry) but it is not registered or audited. So does the goodwill count especially since the owner wants to keep the name and is not transferring the related fb page n such as they might start it in another place. Does it count as transferring a running business (wo the name) and how should the value be assessed?

Can someone guide me with the legalities of transferring a running business. The owner says the business is running for 3 yrs (it is in the service industry) but it is not registered or audited. So does the goodwill count especially since the owner wants to keep the name and is not transferring the related fb page n such as they might start it in another place. Does it count as transferring a running business (wo the name) and how should the value be assessed?

by Dhanya Cm



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