Legal Question in Business Law in Washington
asset purchage agreement
Can an LLC puchase the
assets of another LLC but leave
the liabilities for a percentage of
the LLC?
How would you know what the
percentage was worth?
And where does that leave the
other LLC left with all the liabilities?
Asked on 2/05/08, 10:58 pm
1 Answer from Attorneys
Dan Harris
Harris & Moure, pllc
Re: asset purchage agreement
It is certainly possible to purchase the assets of an LLC without taking on the liabilities, but one must be very careful with the contract when seeking to do this.
Answered on 2/06/08, 8:30 am
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