Started by Mike Josephic CLC #3877, July 25, 2018, 05:56:34 PM
Quote from: Dan LeBlanc on July 27, 2018, 04:13:13 PMIf I was a betting man, I'd wager that your warranty is as gone as the company who built it.
Quote from: Mike Josephic CLC #3877 on July 27, 2018, 05:32:11 PMThe warranty, if I recall correctly, was only for 12months anyway. My last two batteries from them lasted more than 8 years.Mike
Quote from: StevenTuck on July 28, 2018, 06:22:53 AMTheir batteries were warrantied for 48 months. When you buy a company you buy the assets and liabilities.
Quote from: gkhashem on July 28, 2018, 09:30:49 AMOnly a fool buys the company, you should buy the assets and maybe the tradename and let the old company liabilities die with it.Very few reasons to ever buy the company itself.I would imagine the production rights are a license from GM and then a non compete agreement with the old company not to go back into business for a period of time.
Quote from: gkhashem on July 29, 2018, 11:38:22 AMYes there is some value and yes you can buy a trade name like any other asset. Which is what I said, but there is no way he bought the company he bought the assets and maybe the name. Unless he had bad advice.Unless you would like to argue with a CPA who has an MBA from an Ivy League school, and I am not BRAGGING. I am saying unless you are involved in business sales your opinion is not likely a good one.Buying a small company and assuming the company is bad tax advice and bad legal advice but I cannot provide legal advice, good for the seller.
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