Tax liens

[Shericita]

I'm interested in buying a small business and doing some research on the company. I'm finding they have tax liens and owe the State of Maryland. How will this affect my purchase?

I have an appointment with an attorney, but just trying to gather information sooner.

Thanks!!

 

[Beta]

Is it a corporation? If so, then when you buy the corporation, I suspect you'd inherit those problems. If not, then the lien may be on the owner, in which case they may ask you to pay for some (or all) of it as part of the sale. Or you may get lucky and they're planning to pay for it all with the proceeds from the sale.

Without details, it's probably better if you check with the lawyer and the seller.