Purchasing an Existing Business

If you are purchasing an existing business that is located in the Town of Parker the following steps must be taken:

• A new Business and Tax License must be issued to the new entity acquiring the existing business. Business and Tax License applications (PDF) may be obtained. Plan on submitting the application at least 2 weeks prior to your anticipated purchase date
• Per Chapter 4.03.090 of the Municipal Code, any outstanding sales tax liability will stay with the business. Therefore, prospective purchasers should request the current owner provide documentation indicating their sales tax account is in good standing with the Town of Parker.
• The Sales Tax Return for the Purchase of a Business (PDF) must be filed within 20 days of the sale.

Additional information on purchasing a business can be found in our Purchasing an Existing Business webinar.