New Jersey Lawyers BlogWhat You Need to Know About Selling Your Waste Hauling Company
Selling a business can be an involved process. However, selling an A901 licensed waste transportation business in New Jersey can be even more complex.
Waste hauling is a strictly monitored and regulated industry in New Jersey under the umbrella of the New Jersey Department of Environmental Protection (“DEP”). In fact, while the waste transportation company may be owned by limited liability members or corporate shareholders, no owner may sell an A-901 licensed business without DEP approval and oversight.
Indeed New Jersey’s Administrative Code (“NJAC”) contains the DEP’s regulations which provide that no solid waste transporter can sell, lease, or otherwise dispose of its property (including customer lists) without obtaining prior authorization from the DEP. Therefore, anyone seeking to sell their waste collection business or the assets thereof, must file the appropriate notices with the DEP and obtain approval from the DEP before any closing or consummation of the sale or transfer may take place.