Successor Liability – Nevada Sales and Use Tax

August 26th, 2021 by

When buying a Nevada business, you as buyer become liable for any unpaid amounts due the Nevada Department of Taxation (NDT) per NRS 360.525.  In fact, under that statute you are required to withhold the amount due the NDT from the purchase price paid to seller.  Your failure to do so results in you being personally […]

What Happens After Closing – A Seller’s Perspective

February 20th, 2020 by

We’ve previously discussed what to expect when selling your business, but what happens after the sale closes?  After all the craziness that characterizes almost every deal finally ends?  One of our clients generously shared some thoughts, which we will post below. Anonymously, of course. How long did you operate your business? 16 years. Did you start […]