Business Taxes Help

Jwengerd

LawnSite Member
Ok ive searched and found lots of information on my questions but still have a few i cant find.

I am buying equipment/38 accounts of my old boss and was wondering how i go about filing taxes? He says he doesnt pay any taxes until the end of the year? How does this work? From what I read you charge the 7.5% for ohio on top of the weekly charge then you send that to the state correct? Then you have to have the vendors license in order to do that, which he says you dont need? Am i missing something?

Also If i buy this from him and lets say he is behind on taxes can the come get me for his mistakes? or can I have a lawyer solve this worry?

Thanks Again Guys!
 
OP
J

Jwengerd

LawnSite Member
ok. Thats what i thought. Only thing id have to worry is if I took on the old name.
 

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