I am the accountant and I ran into an issue that is new to me. My client(my brother) purchased an exisiting Hair salon . It is an LLC, NY. The only doc received is a typed agreement made up of a few paragraphs that DOES NOT specify what the sale of the business includes. My brother says he gets the clients and the salon chairs. However, I dont know if he now owns the name of the business . He says there are no accounting records, no other documents he received. The agreement was not even notarized. My brother has been operating the business for a few months now. What are my legal implications if any? Note my brother purchases an Unincorporated business and received a personal loan with no interest. Are there any legal issues here? If the seller owes taxes is the buyer liable for them?