jknecht
Level 3

I have a client who sold their business (simple cash sale 150K) with ZERO Asset classification.  The seller has about 39K in depreciated assets that stayed with the business.  There is no love between the seller and buyer and all goes through an attorney.

Working on getting even the address of the buyer (I represent the seller) and ID number as that is not even present.

I would like some thoughts on the best way to handle this situation with the sale.

(1) I can push and get an asset classification but we are 15 days from filing (yes they are all late) and it will probably be a fight.
(2) I can file and indicate that they were NOT agreed.
(3) Other options?

0 Cheers