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does taking over a company including their bills,assets and profits in current state?

2007-03-14 21:45:50 · 2 answers · asked by Stephen L 1 in Business & Finance Investing

2 answers

When you "take over" a company, you acquire 100% of the stock of the business. That means that you now own the bills, assets and profits at the time the stock is transferred.

(It is possible to purchase the assets of the company, leaving the bills to be paid by the prior owner. When this is done, you do not buy the stock in the firm, but roll the assets into your new or existing corporation.)

2007-03-15 02:50:36 · answer #1 · answered by David545 5 · 0 0

yes, it will include everything, from your assets to your liabilities.

2007-03-15 11:30:56 · answer #2 · answered by firefly 5 · 0 1

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