Legal Question in Business Law in Michigan

Hello,

I purchased a business 3 years ago. In my contract agreement it was the sale of an INC. I never recieved the Articles of Incorporation for the business. I looked it up with the state and local governments and have not found anything. I have contacted the previous owner who sold me the business and he is stating that those papers are not important. Is it legal/illegal if the previous owner sold me a business as a Inc. knowing it was not one?


Asked on 8/04/09, 3:25 pm

1 Answer from Attorneys
John Tatone John R. Tatone & Associates PLC

There may be fraud with regard to the transaction depending upon the details. The status of the corporation may also be important with regard to the value and purchase price of the business. I may also be able to incorporate the business at this point for you. It is important to be incorporated for tax purposes and to avoid personal liability to you. Please contact me to discuss your options at johntatone.com

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Answered on 8/10/09, 8:41 am


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