Legal Question in Business Law in New York

Re: Buying an existing business

Well, yup with a caveat. If the contracts are in the name of the business, then yup. If, though, the contract is in the name of the former owner, or if the former owner made a personal guarantee on the contract, then maybe not.

Good luck.

THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.

Re: Buying an existing business

When buying a business, you or preferably an attorney should fully investigate the company, its assets, liabilities and contractual obligations. This is to ensure you are fully and legally aware of the business you are purchasing, and it's value, as you could be liable for contacts and debts etc...

My law office is available to assist you with this business purchase, feel welcome to contact me at your convenience.

Re: Buying an existing business

yup....

Good Luck

RRG