Buying a Business and Purging Liability of Unpaid Taxes
If you plan to buy an existing business, be sure to get a Certificate of No Tax Due. Failing to do so makes you, the purchaser, liable for any past due state taxes or fees, plus any interest and penalties that are owed by the business.
CBB will assist a buyer in obtaining this certificate prior to closing the sale of a business.
Read complete information fromĀ Texas Comptroller of Public Accounts