Transfer of Commercial Enterprise
"Does the transferor remain liable for past debts?"
Quick Answer
This involves transferring a business as a going concern, including its assets, liabilities, and goodwill. It requires a written agreement registered with the Trade Registry.
Scope and Legal Distinctions
An enterprise transfer may follow rules beyond an item-by-item asset sale, including form, registration and liability consequences. The transfer description and business continuity matter.
What to Check in Practice
Schedule assets, debts, employees, contracts and permits; review the required instrument and registry steps before completion.
Sources & Authorities
Statutory framework and official guidance for this definition.
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