Have all environmental regulations been checked to ensure that the business will meet all air, water, and solid waste standards?
To ensure that the business meets all of the environmental regulations that apply to a specific type of business, contact the Michigan Department of Environmental Quality at 800.662.9278 or access the environmental permit online at http://www.michigan.gov/deq. Are you purchasing an existing business? Be aware of hidden liabilities. As the purchaser of even a portion of a business, you may be held responsible for the previous owner’s liabilities, regardless of any contractual language to the contrary. As the purchaser of the business, you should make sure that the seller of the business provides proof that there are no hidden liabilities. The seller of the business should contact the Michigan Department of Treasury at 517.636.5260 to obtain Form 514 to request a Conditional Tax Clearance Request letter, or you may access the information online at http://www.michigan.gov/treasury. As the purchaser of a business, it is wise to obtain a copy of this Conditional Tax Clearance Request letter
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