Comments on: If you purchase a business that is behind on sales and property taxes, who is responsible for them? http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/ Sun, 01 Aug 2010 11:04:08 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Amy F http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/comment-page-1/#comment-2399 Amy F Fri, 22 Jan 2010 07:10:15 +0000 http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/#comment-2399 The property taxes are going to go with the property, so whoever owns it will be held liable by the taxing authority. (If there is something in the purchase contract that holds the former owner liable, then you may be able to go after the money in a civil suit, but the government attaches it to the property. The liability for the sales tax is going to depend on a number of factors including whether the business was a sole proprietorship or partnership. Contact your state's department of revenue to determine liability.<a href="http://www.resumeminers.com/Continuing-Education/Submit-Resume.htm"> Amy F</a> The property taxes are going to go with the property, so whoever owns it will be held liable by the taxing authority. (If there is something in the purchase contract that holds the former owner liable, then you may be able to go after the money in a civil suit, but the government attaches it to the property.

The liability for the sales tax is going to depend on a number of factors including whether the business was a sole proprietorship or partnership. Contact your state’s department of revenue to determine liability. Amy F

]]> By: STEVEN F http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/comment-page-1/#comment-2398 STEVEN F Tue, 19 Jan 2010 08:47:34 +0000 http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/#comment-2398 When you buy a business, you usually buy all debts of the business as well. Property taxes ALWAYS go with the property.<a href="http://www.autostires.com/"> STEVEN F</a> When you buy a business, you usually buy all debts of the business as well. Property taxes ALWAYS go with the property. STEVEN F

]]> By: telmealing http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/comment-page-1/#comment-2397 telmealing Sun, 17 Jan 2010 22:11:58 +0000 http://www.4qt.biz/blog/if-you-purchase-a-business-that-is-behind-on-sales-and-property-taxes-who-is-responsible-for-them/#comment-2397 The previous owner<a href="http://www.businessbrokersguide.com/business-note-broker.htm"> telmealing</a> The previous owner telmealing

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