lyndaj0331
Level 5
08-21-2023
10:52 AM
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Yes - I am sure he had another buyer already lined up for the business. It is a very big business down on the Ocean City Boardwalk. My client just didn't actively participate and ended up losing business the first, third and fourth years. So, he made a deal with the landlord to just take the business over and walk away. It's crazy, I know. But, how do I record the sale of the business?