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Understanding the Role of Sales Tax in Acquiring a Business
Posted by Tarra Curran on Mon, Sep 12, 2016 @ 03:14 PM

The purchase price doesn’t tell the full story of acquiring a business. Sales tax is generally imposed on the sale of tangible personal property, including the acquisition of a business enterprise. When sales tax isn’t properly addressed on the front end, it can result in liability issues that trigger unexpected expenses for the purchaser. Purchasers that do not address successor liability on the front end may be on the hook for sales and use tax not paid by the seller for the transaction.

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Topics: Tarra Curran, Sales Tax, merger & acquisition, Buying a Business

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