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2016 Passing on Your Small Business Succession Planning for the Sole Proprietor Texas Community Building with Attorney Resources A publication of AND Texas Rio Grande Legal Aid Acknowledgments About
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What is passing on your small?
Passing on your small refers to the transfer of ownership or control of a small business from one party to another.
Who is required to file passing on your small?
The current owner of the small business and the new owner or successor are required to file passing on your small.
How to fill out passing on your small?
To fill out passing on your small, you must provide details of the transfer of ownership or control, including the names of the current and new owners, the date of transfer, and any relevant documentation.
What is the purpose of passing on your small?
The purpose of passing on your small is to ensure that the transfer of ownership or control of a small business is properly documented and legally recognized.
What information must be reported on passing on your small?
The information that must be reported on passing on your small includes the names of the current and new owners, the date of transfer, the nature of the transfer (e.g. sale, gift, inheritance), and any relevant documentation.
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