Legal Question in Business Law in California
resiponsibility for all the debits and credits
if i bought a company, is it my resiponsibily for all the debit and credit?
Asked on 3/21/08, 2:05 pm
2 Answers from Attorneys
Re: resiponsibility for all the debits and credits
It depends upon the purchase. Did you purchase the company or merely the assets of the company?
What disclosures were made to you regarding the liabilities of the company at the time of purchase, etc.
You should probably set up a consultation with an attorney to discuss your options.
Answered on 3/21/08, 2:09 pm
Terry A. Nelson
Nelson & Lawless
Re: resiponsibility for all the debits and credits
Depends upon the terms of your contract for purchase. You have a written contract, right? Sounds like you need some actual, informed, legal advice and help. Feel free to contact me if serious about getting it.
Answered on 3/21/08, 2:36 pm
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