Texas Form 86-114 Before a Business Closing
A Certificate of No Tax Due addresses a buyer risk. It does not erase the seller's unpaid tax obligations.
Plan tax, payroll and food permit questions early enough to keep the closing schedule practical.
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Austin Business Brokers Office connects owners with a business valuation partner. These resources help you organize a more useful first conversation. The records below cover separate agency questions that can arise at closing.
A Certificate of No Tax Due addresses a buyer risk. It does not erase the seller's unpaid tax obligations.
Keep final sales reporting separate from the buyer's setup and any decision to terminate your legal entity.
Coordinate payroll cutoff, employer accounts and unemployment tax questions before employees move to a new owner.
Check the facility jurisdiction and change of ownership inspection before assuming food operations can continue unchanged.
Ask your CPA, payroll professional and attorney to assign the relevant filings. Keeping a separate record for each agency helps prevent an unfinished account from being overlooked.