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marayatano

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marayatano

Re: Rasica post# 36244

Wednesday, 08/08/2007 1:10:08 AM

Wednesday, August 08, 2007 1:10:08 AM

Post# of 162839
I know a lot of the times, a new buyer of a business will change to a new name. Reason: New buyer does not know if seller has any tax issues, i.e franchise tax board in CA, unknown UCCs with the State (CA), unknown debts, etc. Basically what are the libilities, if any. Changing the name would cancel out any unknown debts of the of the seller from the new buyer.

BTW: This is in regards to small businesses. Larger businesses will most likely have finanicals of some sort.

Then again, who knows...

Just a thought. Cheers!
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