An Operating Agreement for a limited liability company is a contract between the owners of the organization. EVP Registration FAQs, What is the electronic Vendor Portal?, How do I complete my electronic Vendor Portal account? 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. You can now create and submit business creation documents online here. Need help filing business creation documents online? A business purchase agreement is a legal contract specifying terms for buying or selling a business, including conditions and obligations. NCICU has negotiated purchasing agreements directly with businesses on behalf of its colleges and universities. A Business Purchase Agreement essentially functions as a formal record of the sale and purchase, akin to a Bill of Sale for a business.