Thread: Business calling all Americans
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Old 11-05-2021, 12:29 AM  
Publisher Bucks
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Join Date: Oct 2018
Location: New Orleans, Louisiana. / Newcastle, England.
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Plus, taking over another persons EIN (even for a business) is RISKY AS FUCk as you take on the previous business owners tax liabilities, even if they havent been declared yet.

I'm not saying you are doing anything shady but, if someone owed taxes for the business under that EIN number, the new owner becomes wholly liable for those taxes.

Liekwise, the new owner would become liable for any other business debts that may have been accrued by the old owner.

Simply transfer the business name to a new corporation owned by the new business owner, nice, clean and simple.

As soon as the sale is complete, dissolve the old corporation, LLC, DBA, whatever...
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