I am contemplating purchasing the assets of a business operating in Georgia. I will be a georgia business. The stock of the existing business is owned by the british. However, the assets belong to a canadian group as a result of another recent asset purchase. If I pay $25K for these assets, am I responsible for the use tax in my new business? How do ensure that a lien does not exist on those assets? What protection do i have on my investment if a lien comes out later on the previous owners?
State Taxes: Do You Have to Pay Use Tax on a Purchase of Business Assets
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