- Acumen Powered by Robins Kaplan LLP®
- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
May 12, 2022Robins Kaplan Practice Group, Attorney Recognized in Elite Trial Lawyers Awards
-
May 9, 2022Six Partners Recognized as “IP Stars” by Managing Intellectual Property
-
May 4, 2022Robins Kaplan LLP Relocates Silicon Valley Office
-
May 18, 2022Breakthrough Greater Boston Gala
-
May 20, 2022Massachusetts Black Lawyers Association Gala
-
May 23, 2022IPWatchdog Patent Litigation Masters™ 2022
-
May 5, 2022Antitrust Law As A Tool Against Privacy Abuses
-
First QuarterANDA Litigation Settlements
-
First QuarterNew ANDA Cases
-
May 13, 2022Twitter Looks to Streamline Even As Musk Puts Acquisition “On Hold”
-
May 12, 2022Mixed Inflation Report Drags Stocks (and Cryptos) Still Lower
-
May 11, 2022Peloton Reels from Big Quarterly Losses
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
Successor Liability in Asset Sales of Family or Closely Held Businesses
Summer 2019
In creating an estate plan, owners of closely held family enterprises may use asset sales to transfer business assets from one generation to the next. Generally, asset sales allow a purchaser to buy assets without also buying a seller’s liabilities, as would be the case with an equity sale. In the context of family businesses, asset sales could remove the burden of liabilities from other family members. However, structuring a transaction as an asset sale does not eliminate the risk of liabilities passing to family members. The involved parties must give careful consideration to state law doctrines of successor liability and tax statutes to minimize the risk of liabilities accompanying assets in a sale.
Related Professionals
Robert F. Callahan, Jr.
Associate
Peter N. Foundas
Associate
Related Publications
Related News
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.