BOE Tax Clearances

When a business that sells or leases goods at retail owes sales taxes to the California Board of Equalization (BOE), the buyer of the business can be responsible for paying the BOE the amount owing if the seller does not … Continue reading

Posted in Bulk Sale, Buy-Sell Agreement, Mergers & Acquisitions, Purchase and Sale of a Business | Tagged , , , , | Comments Off on BOE Tax Clearances

EDD Tax Clearance Certificates

When a business is an employer that owes contributions, interest, or penalties to the California Employment Development Department (EDD), the buyer of the business can be responsible for paying the EDD the amount owing if the seller does not pay … Continue reading

Posted in Bulk Sale, Buy-Sell Agreement, Successor liability | Tagged , , , , | Comments Off on EDD Tax Clearance Certificates

Bulk Sales Law: A Possible Trap for the Unwary Buyer of a Business

Buyers of businesses should be aware that California, like some other states, has a “bulk sales” law. Its official name is Uniform Commercial Code—Bulk Sales. The bulk sales act is designed to protect the creditors of a business by giving … Continue reading

Posted in Bulk Sale, Commercial Law, Purchase and Sale of a Business | Tagged , , , , , , , , , , , | Comments Off on Bulk Sales Law: A Possible Trap for the Unwary Buyer of a Business