LIABILITIES OF A DISSOLVED CORPORATION

[BROADST25]

If I sell the assets of corporation "A" to corporation "B" and I own both, what happens to the liabilities of corporation "A"? How do I do this?

 

[HomeGuru]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by BROADST25:
If I sell the assets of corporation "A" to corporation "B" and I own both, what happens to the liabilities of corporation "A"? How do I do this? <HR></BLOCKQUOTE>

Now you are thinking. It depends on what kind of liabilities and if you personally guaranteed anything ie. loans, notes, credit accounts, vendor accounts etc. If government taxes are due, the State and IRS can go after you personally.