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 Sale In Business Definition In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
In an asset sale, a firm sells some or all of its actual assets, either tangible or intangible. An asset sale occurs when the assets of your business are sold to a buyer.An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. You can ask potential buyers to fill out a questionnaire or provide them with an information sheet to complete. An asset sale transaction involves the sale of some or all of the assets used in a business from a selling company to a buyer. Business property includes such items as supplies, machinery, equipment, furnishing, and computers. Who needs a Business License? Anyone operating or doing business in the City of Oakland is required to file and pay an annual business tax.