Legal Question in Business Law in Florida

Re: Purchased a corporation

If you purchased the shares of the corporation, then you would be liable.

Re: Purchased a corporation

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It all is dependent on "how" you purchased the company. If you bought the stock of a corporation, then you may be responsible for any liabilties that corporation had. If you formed a new corporation and only bought the assets of the company, then you should not have any liability.

If you truly have concerns, I would strongly suggest that you meet with an attorney to discuss the specifics of your situation.

Scott R. Jay, Esq.