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Who Pays Sales Tax on FF&E for a Bulk Sale Escrow
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When buying and selling a business in California, there is the not so little matter of paying sales tax. Yes, sales tax when buying a business, just like you would pay sales tax on a pair jeans at the department store. The theory is that when you are buying a business, you are not just buying the Goodwill, but you are also buying tangible equipment critical in the operation of the business. That tangible property … Read entire article »
Filed under: Business Tips, Due Diligence