{"id":1613,"date":"2013-11-27T17:05:55","date_gmt":"2013-11-27T22:05:55","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=1613"},"modified":"2013-11-27T17:05:55","modified_gmt":"2013-11-27T22:05:55","slug":"if-you-are-thinking-of-buying-a-business-beware","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=1613","title":{"rendered":"If You Are Thinking of Buying a Business, Beware"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2013\/11\/for-sale-.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1614\" alt=\"for sale\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2013\/11\/for-sale-.jpg\" width=\"172\" height=\"155\" \/><\/a><\/p>\n<p>If you are thinking of buying an existing business, you better be aware of the doctrine of corporate successor liability.\u00a0 This scary sounding doctrine essentially states that a new owner of a business can be held liable and responsible for the bills, expenses, and liabilities of the old owner if:<\/p>\n<p>1. the purchaser expressly or impliedly agrees to assume the debts and liabilities<\/p>\n<p>2. the transaction amounts to a merger or consolidation<\/p>\n<p>3. when the purchaser is merely a continuation of the seller, or<\/p>\n<p>4. when the transaction is entered into fraudulently to escape liability for the debts and other liabilities<\/p>\n<p>To read more about the doctrine of corporate successor liability, check out:\u00a0 Forrest Edwards d\/b\/a Strike Team Media, Appellant, vs. Black Twig Marketing and Communications LLC d\/b\/a Black Twig Communications, Respondent.<br \/>\nMissouri Court of Appeals, Eastern District &#8211; ED99581<\/p>\n<p>Visit our website at <a href=\"http:\/\/www.Hoorfarlaw.com\">www.Hoorfarlaw.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are thinking of buying an existing business, you better be aware of the doctrine of corporate successor liability.\u00a0 This scary sounding doctrine essentially states that a new owner of a business can be held liable and responsible for &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=1613\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[384,229,348,366],"class_list":["post-1613","post","type-post","status-publish","format-standard","hentry","category-general","tag-eastern-district-of-missouri","tag-hoorfar-law","tag-law-office-of-camron-hoorfar","tag-missouri-court-of-appeals"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1613"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1613\/revisions"}],"predecessor-version":[{"id":1615,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1613\/revisions\/1615"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}