Q: Why can my LLC’s liquor/beer License be revoked due to unpaid state taxes by LLC I bought the business from?
I was never made aware of the previous owners delinquent state sales taxes prior to my purchase. And the state of Kentucky even approved and took full payment for my Transitional Liquor License Application. Only then was I informed of the previous owners delinquent sales tax status. If previous owner does not pay, in full, these delinquent taxes MY license will be revoked causing a loss of over 40% of my revenue. Which in turn will result in me having to close my establishment
A: Liquor licenses are a highly regulated area by government. When you purchased the LLC you should have been made aware of the back taxes owed. You probably have a cause of action against the sellers for failing to disclose that information.
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