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Successor Liability and How to Prevent It 

In Business Transactions, Legal Compliance by Gage AndersonLeave a Comment

In business, it’s important to keep in mind that liabilities don’t disappear when ownership changes hands. Debts owed, outstanding lawsuits and liens may transfer over to the new owners of the business. This legal concept is called successor liability. For business owners, it’s crucial to be aware of how this can impact their bottom line and what they can do …