Blog Archives

Business Asset Buyer May Face $100 Million Payroll Tax Successor Liability Claim

June 30, 2020 Introduction One M&A tax risk in an asset acquisition is seller’s unpaid payroll taxes. The deal The buyer in this case purchased the assets of a financially distressed business for approximately $7.3 million dollars payable at closing

Posted in asset purchase, payroll tax, successor liability Tagged with: ,

Buyer of Restaurant Assets Stuck with Seller’s Unpaid Sales Tax

June 25, 2020 Introduction One M&A tax risk in an asset acquisition is seller’s unpaid sales taxes. The deal The buyer in this case purchased the assets of a restaurant. The seller represented and warranted in the asset purchase agreement

Posted in asset purchase, New York, sales tax Tagged with: ,

Recent Comments

Categories