JP Fernandes, Small Business Lawyer

As a general rule, when one corporation sells or otherwise transfers all of its assets to another corporation, the purchasing corporation is not liable for the debts and liabilities of the selling company unless the debts are specifically assumed by the purchaser.

When you are paying for advice listen to it! Recently I had a client who was working as a pharmacist for huge retail chain and just could not stand it any more so he wanted to buy a pharmacy. We came across what initially looked like a great deal—the seller had just been through a [...]