Buying a 50% share from an “ABC” corporation who does the business as “XYZ” (and has 2 restaurants call XYZ restaurant ). Problem is that ABC Corp never filed to get “Certificate of Assume name” for XYZ. Can I still buy the share or asked “ABC” Corp. to file for DBA first before transferring the share
Answered on: 7/23/13, 10:11 am by Timothy Harden
You can do it either way, but I would recommend checking first to make sure that the assumed name is still available. If it is not, that would complicate the deal. It might be easier to complete the deal and file the Certificate of Assumed Name yourself, depending on the timing.
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