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It was an asset purchase.
to be honest, I am not sure. I will have to go back to the Asset purchase agreement and look. In reality, I don't really care if the mail is forwarded. I am tired of sending them their checks and bills. What I care about is if this will cause me any problems by no longer receiving any type of mail regarding my past business. I have had many little detail like this cause me problems and I just want to make sure I am covering my back side. If this is standard practice, then I don't want their mail anyway. I am delighted to be rid of it all. But just last week I got a notice from the BWC telling me that my unemploymemt insurance account is still open and an employee filed a claim. I had to fill out some paperwork to close the account. I would of course not have gotten this if all mail was forwarded. Then what? Is there other legal issues that i may be notified of that I will miss that might cause me problems? If not... then great. Let them change the address. THANKS
ok good, then you can forward the mail to the new owner without concern of any claim against you arising from the current operations of the business. Hopefully, in your purchase agreement the buyer agreed to assume liability for any claim against the business not raised at or before the closing on the purchase of the business. Please let me know if this does not answer your questions or if you have any follow up questions. If I have answered your questions, please positively rate my answers.