if purchasing an existing business, would the new owner be responsible for any pre-existing issues such as a workmans comp claim against the old company?
1 Answer from Attorneys
As a Franchise Attorney I can only say a lot more information is required. Did you have a contract of sale? Did you buy stock or assets? These need to be considered and reviewed. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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