This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Business Sale Asset With Customer In California
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.A business usually has many assets. Use Schedule D-1 to report the sale or exchange of business property when the California basis of the asset(s) is different from the federal basis. Most sales also involve either an asset sale or a stock sale. An asset sale will generally be subject to California sales taxes.