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New York Trying to Impose Sales Tax on Acquisition of Equity of LLC

Buyer acquires all equity of the target, an LLC, and a disregarded entity. NY Division of Tax Appeals upholds NY’s $125K sales tax assessment on target’s tangible personal property. M&A Stories February 26, 2021 Introduction M&A lawyers know that there

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Buyer of Target Can Sue Sellers for $9 Million of Pre and Post Sales Tax Liabilities

July 15, 2020 Introduction It can be challenging for a national footprint business to navigate the 11,000 sales tax jurisdictions in the United States. Thus, buying a large business presents state and local sales tax risk. The deal This deal

Posted in fraud carveout, post-closing sales tax, pre-closing sales tax, sales tax risk Tagged with: ,

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