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Does non- current liability transfer with a business? I want to buy a business for $170k but it has non-current liability due to shareholder of $271k..
It really depends on the purchase contract and terms. I’d inquire on why there is an open shareholder liability during the due diligence process.
Does non- current liability transfer with a business? I want to buy a business for $170k but it has non-current liability due to shareholder of $271k..
It really depends on the purchase contract and terms. I’d inquire on why there is an open shareholder liability during the due diligence process.