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.
Asset Business Sale Form For Small In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00418
Format:
Word;
Rich Text
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A bulk sale is a sale outside a seller's normal course of business and generally involves a large portion of a business' assets. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer.Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Notification of Sale, Transfer, or Assignment in Bulk (Also see Form TP153, Notice to Prospective Purchasers of a Business or Business Assets). If you are selling the assets of your business, as opposed to the stock, you'll need to allocate the purchase price among the assets for tax reasons. I drafted it with very small businesses in mind. It's structured as a bill of sale and assumption agreement to make it easy for do-it-yourselfers to use.