Ohio | Business Law

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Asked on: 1/26/11, 9:07 am

I want to purchase an existing business, should I create a Inc. or LLC prior to purchasing and then purchase under said Inc./ LLC or is it better to purchase the existing business and then create the Inc. or LLC?

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Generally, you would want to purchase the business in the name of the new legal entity, this will simplyfy tax issues, title issues, etc. I would suggest you sit down with an acco...

Answered By:

Michael Brandabur

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As a Franchise Attorney I agree with the other attorney answer. You should also discuss structuring the deal as a contract of sale where you just purchase certain (but not all) ass...

Answered By:

Kevin B. Murphy

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