I am buying the restaurant business. The restaurant has been 10 years and owner is retiring.
They have S-corp.
Can I just change the ownership name and take over S-corp?
Since they have been business for 10 years and establish the credit.
Or should I form the new entity to start the business?
In that case, I will form LLC.
The reason I am interested in take over their compay that I can say the company has been business for 10 years.