Legal Question in Business Law in New York

Re: Past due bills

As your prior two respondents have said, we need more information: what form the business is in (corporation, LLC, sole proprietorship, partnership of some form) and what the contracts whereby the bills were incurred say. Feel free to contact me to discuss further.

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Re: Past due bills

It depends what you mean by "last owner's bills." If they are bills the company incurred under its prior owner then the company still owes them (assuming they are not fully paid) absent some language in the contract of sale for the company that puts the liability to the prior owner personally. If the "company" is merely a d/b/a it may be more complicated.

If you need to discuss the specifics you are welcome to call my office at 212.366.1324.

Re: Past due bills

It depends on who's bills they really are: the company's or the previous owner's. I assume you would not be paying if they weren't the company's. If that is correct, then you own the company. Feel free to contact me if you want to go through the facts.