top of page
  • Writer's pictureSean Hayes

Successor Liability Pitfalls in New York

When buying or selling a New York business or any of a business’s assets under NY law, the potential successor liability of the buyer is of primary concern. New York Successor Liability Law is complex and the following is, only, intended as a brief overview of the matter.

Successor liability in New York is a liability that the buyer of a New York company's assets may have for the liabilities of the seller of those assets performed prior to the purchase.  Essentially, a buyer would be compelled to pay off the debt that the seller accumulated prior to the completion of the transaction.

To continue reading this article, click here.

17 views0 comments
bottom of page