Ever wondered if buying a business in Florida means you’re starting fresh? The reality is, successor liability can turn your acquisition into a legal minefield. Florida law doesn’t always let buyers walk away from a seller’s debts, lawsuits, or regulatory headaches. If you’re not careful, you could inherit more than just assets—you could inherit years of problems.
Under Florida Statutes § 607.1405, buyers may be held responsible for certain obligations if the deal isn’t structured properly. Courts, as seen in Gordon v. Miami, have found that continuing the seller’s operations or failing to provide proper notice to creditors can trigger liability. Many buyers make the mistake of skipping due diligence, neglecting indemnity clauses, or misunderstanding how liabilities transfer. These errors can expose you to claims long after the ink dries.
Protecting yourself starts before closing. Conduct thorough due diligence, negotiate strong indemnity provisions, and understand the deadlines for creditor notices. Missing these steps can mean years of legal trouble. Our firm helps Florida business owners and entrepreneurs navigate these risks, ensuring you know exactly what you’re inheriting and how to avoid costly surprises.
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Disclaimer: This content is for informational purposes only and does not constitute legal advice, and laws and legal interpretations may change after the date of publication.
Written by:
Gil Sánchez, Esq.
CEO | Civil Trial Attorney
Black Rock Trial Lawyers
Abogados Law
