Purchasing an Ohio Business: Traps for the Unwary | Buckingham, Doolittle & Burroughs, LLC
To embed, copy and paste the code into your website or blog: Most business acquisitions are structured as purchases of assets in order to insulate the buyer from exposure to the liabilities of the seller. While that is generally an effective strategy, there are exceptions and nuances that are explored in this article relative to the purchase of a business located in the State of Ohio.[2] Sales Tax Ohio, like most States, imposes a sales tax, with certain exceptions, upon retail sales made in this State.[3] Although it is the buyer of an item subject to sales tax that is obligated to pay the t...
Source: jdsupra.com