Purchasing an existing LLC--can elephants fly?

[Marc Winter]

We are considering buying out an existing LLC (it's a management company, and would add some volume to our own successful property management company). Everything looks good financially, however I've not sure what I should look for or how to protect myself from, any possible outstanding taxes or other liabilities that might be hiding out there on the subject acquisition LLC.

Anyone know of a way to check? Would we, and members, be liable, and is there any way to indemnify ourselves against such an event?

Any advice you could give would be appreciated!