Aurora Business Brokers Firm can introduce you to a valuation partner. Review Aurora’s own tax confirmation and asset purchase rules alongside the Colorado state filings before sale proceeds are distributed.
Resolve city tax information before money is released
Aurora’s purchasing a business guidance describes withholding for unpaid city taxes until the required city receipt or certificate is produced. Plan the evidence with your closing attorney.
The city also explains that a prospective buyer needs the owner’s notarized authorization to obtain confidential tax status information. Put that permission into the document plan.
Identify the assets subject to city review
Aurora describes sales or use tax on purchased business assets such as equipment and fixtures, while excluding inventory for resale. The city directs use tax reporting to Schedule B.
Your CPA should check the current return and deadline against the sale date and asset schedule. Do not assume a state return handles the city obligation.
Give the closing team one responsibility schedule
Ask who obtains city confirmation, who prepares returns and who holds any money while balances are resolved. Keep those actions separate from the new owner’s license application.
Aurora Tax and Licensing and the Colorado Department of Revenue administer different parts of the process. Confirm your facts with your CPA or attorney; this is not tax or legal advice.