vehicle title | Blue Maven Law

by: Brian RogersFebruary 17, 2014April 3, 2019 Asset Sales

In How to Title a Vehicle in Missouri, I provide step-by-step instructions on how to transfer title to a vehicle, obtain a new title, and register the vehicle. In today’s post, I discuss recording a lien on a vehicle.

When you purchase a business via an asset sale, you have to transfer the assets you’re purchasing out of the seller’s company and into your company. Most assets can be transferred by having the seller sign a general bill of sale. But some assets, such as cars and trucks used in the business, have special rules.

by: Brian RogersFebruary 10, 2014April 3, 2019 Asset Sales

When you purchase a business via an asset sale, you must transfer the assets from the seller’s company to your new company. Many of the business’s assets can be transferred using a general bill of sale. Other assets, such as automobiles, must be transferred separately.

In Missouri, vehicles must be titled within 30 days after the date of purchase. There’s a penalty of $25 for every 30 days — up to a maximum penalty of $200 — for failure to title a vehicle on time.

To title a vehicle in Missouri, you must submit the following documents at your local license office:

Tax Clearance Basics

When you buy a business, you should make sure that the seller is caught up on paying state taxes. If you don’t, you might find yourself stuck with the bill after closing. Worse yet, you might

Summary of SBA 7(a) Loan Rules

SBA loans can be a great way to finance a small business acquisition. Like most government programs, SBA loan programs have plenty of rules. In this post, I summarize the highlights of the rules for

Certificate of Tax Clearance vs. Certificate of No Tax Due

In Tax Clearance Basics I discuss the importance of obtaining a tax clearance certificate when buying a business. I also provide instructions on how to obtain such a certificate in Missouri. In short,