I’m purchasing a business, is the existing business EIN number transferable to me as the new owner ordo I have to obtain another?
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I’m purchasing a business, is the existing business EIN number transferable to me as the new owner ordo I have to obtain another?
Asked on January 19, 2012 under Business Law, New Jersey
Answers:
Shawn Jackson / The Jackson Law Firm, P.C.
Answered 12 years ago | Contributor
No, you do not want the nubmer to be transferred to you or to your new company for a wide variety of reasons, not the least of which is that the State will not do so...and you would not want to inherit any past liabilities of the previous business.
By Grace...
Shawn Jackson ESQ. (707) 584-4529Â
Business Development Attorney EMAIL: [email protected]
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