Under
the sales and use tax law, the State Board of Equalization
must be notified before the sale of all or part of a business
or the stock of goods of an enterprise engaged in selling
tangible business personal property. The purpose of the
notification is to obtain a certificate of tax clearance
and a seller’s permit.
Any unpaid sales tax could become the liability of the
buyer, whose identity must be made known to the State
Board of Equalization. An escrow holder will generally
not close a bulk sale escrow without notice to, and clearance
from, the State Board of Equalization.
Revenue and Taxation Code Section
6811
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