Under bulk sale procedures, the purpose of notifying the State Board of Equalization is to obtain which of the following?

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In a bulk sale, the priority is to address any sales tax obligations before the new owner takes over. Notifying the State Board of Equalization serves this purpose by enabling the seller to obtain two key items: a certificate of sales tax clearance, which shows that all sales taxes tied to the business are paid or reconciled, and a seller’s permit that the buyer will need to legally collect and remit sales tax after the transfer. This protects the buyer from inheriting unpaid tax liabilities and ensures the business can operate under a valid sales-tax framework. The notice isn’t primarily about impounding proceeds, which is an escrow concern, so the purpose isn’t to control distributions. That’s why obtaining both the tax clearance certificate and the seller’s permit best fits the goal of bulk sale procedures.