denmarkshepherds
Master Member
Posts: 3418
Registered: 7-18-2007
Location: Russell Co., Lake Cumberland USA
Member Is Offline
Mood: We dont give a (Wolf Creek) DAM how you did it up north
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Wanna own "stock" in a local marina? Buy the delinquent taxes
Among the delinquent taxes offered for sale at the courthouse steps Aug. 10 2012 at 9am is Cave Springs Resort Marina LLC. According to tax list
published in the local paper, bill #2460, Cave Springs assessed value is $118,778 with a face amount of $1585.22 with amount due $2627.25. Also Cave
Springs Investments LLC bill #2458 has assessed value of $158,600 with face amount of $1474.51 with amt due being $2446.18.
Reason(s) for a name change?
www.russellcountynewspapers.com
This house still protected by GOD, guns, and German Shepherds...
'round here we speak AMERICAN!
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E_HILLMAN
Master Member
Posts: 6435
Registered: 3-23-2006
Location: North Central KY (Leesburg) JRM
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Mood: :-)
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But does that entity even exist anymore?
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Buy Made in the USA, the job you save just might be your own.
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kdfwr911 (retired)
Super Moderator
Posts: 3754
Registered: 6-9-2004
Member Is Offline
Mood: No Mood
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I think that was the old corporation that owned the marina a couple years back and might possibly be an outstanding deliquent tax bill from the
previous owners. The new owner(s) changed the name to Wolf Creek Marina when it changed hands and I'm doubting they would be responsible for that
bill.
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E_HILLMAN
Master Member
Posts: 6435
Registered: 3-23-2006
Location: North Central KY (Leesburg) JRM
Member Is Offline
Mood: :-)
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that is what I would think.
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Buy Made in the USA, the job you save just might be your own.
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Scooter
Master Member
Posts: 1016
Registered: 5-15-2006
Location: State Dock / Burnside, KY
Member Is Offline
Mood: dam good!!!!
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Depends on the terms of the sale at auction. "Buyer is responsible for yadda yadda yadda...." Or not. ? It should have been announced prior to
bidding.
SHO
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shocka43
Member
Posts: 83
Registered: 11-28-2004
Location: Vandalia, OH
Member Is Offline
Mood: disorderly conduct
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Quote: Originally posted by kdfwr911 (retired)  | | I think that was the old corporation that owned the marina a couple years back and might possibly be an outstanding deliquent tax bill from the
previous owners. The new owner(s) changed the name to Wolf Creek Marina when it changed hands and I'm doubting they would be responsible for that
bill. |
Typically, at least with residential real estate transactions, the buyer is responsible for the back taxes.
On a commercial deal here in Ohio, a friend of mine was attempting to buy a bar. The previous owner hadn't paid state sales tax forever, and the tax
had to be paid before the deal could go through due to the inability to transfer the liquor license. They had to pay the back sales tax before
business could be conducted once the license was set to expire.
I would think there would have to be recourse, as you could simply not pay taxes and sell your business to another family member, as a new owner, and
dodge the back taxes.
When this baby hits 88 miles per hour, you\'re going to see some serious....
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