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.
Business Sale Asset With Loan In Ohio
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Multi-State
Control #:
US-00418
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Word;
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Sale of an asset in which the LLC carrys the loan. A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto.An asset purchase agreement (APA) is a legal document that serves as a framework for how business assets will be transferred from the seller to the buyer. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. You must prepare a sales agreement to sell your business officially. This document allows for the purchase of assets or stock of a corporation. If the borrower is sold or substantially sells all of its assets, the Program loan must be paidoff as part of the sale. If it's an asset sale, list the specific assets and liabilities included in the sale. This can include equipment, inventory, contracts, trademarks, and debts.