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.
Sale Of Business Assets Agreement With Broker Dealer In Maryland
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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The documents you need to buy or sell a business depend on the structure (discussed here) and complexity of the deal as well as its specific terms. To transfer business ownership to another person in Maryland, you must first determine the appropriate type of transfer that is best suited for your situation.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Create a thorough plan to transfer ownership, sell, or close your business. Get qualified advice and know what to do to tie up loose ends. The relief in this letter is limited solely to the transactions described in your letter. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.