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    2 Replies Latest reply on Apr 8, 2010 2:15 PM by Uncle Leon

    Purchasing an LLC

    markwagner Newbie
      I am considering buying a small business that is an LLC. Can the LLC be transfered keeping the business name? Is this advisable? I live in Florida, what would be the best way to handle this? Forms?

      Thank you,

        • Re: Purchasing an LLC
          LUCKIEST Guide
          Purchasing an LLC

          If I was purchasing an LLC, I would talk to both my accountant and my lawyer
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          • Re: Purchasing an LLC
            Uncle Leon Tracker
            DON'T DO IT !!!!

            I will always advise against buying a a small business LLC or Corp. The debts and obligations of the corp or LLC become yours. What if someone is about to sue the LLC for a gazillion dollars? Instead buy the assets of the corp or LLC.....ASSETS ONLY. The purchase contract should clearly say "Asset Sale", and you should be purchasing those asets from the LLC, NOT from the owner.

            It's no big deal to start your own Corp or LLC.