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 Illinois
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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Complete all lines to identify the business or business assets being sold or transferred. You are required to report all sales of businesses to the Illinois Department of Revenue.Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital 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. Read Form CBS-1 Instructions for additional information. Step 1: Identify the business, business assets, or business property being sold or transferred.