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 Seller Financing In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
First and foremost, it is typically the buyer's responsibility — not yours as the seller — to draft the Definitive Agreement. This will not begin until both the buyer and the seller sign a Letter of Intent indicating their intention to buy/sell the business.
More info
We'll discuss seller financing for business and how it works, as well as highlight the pros and cons for both buyers and sellers. This is a loan the seller makes to the buyer to facilitate the sale.Seller shall sell, assign, transfer and deliver to Acquisition all of the assets, properties, rights and business of Seller of every type and description. The buyer will want to see copies of all leases, contracts, and loan agreements in addition to copious financial records and statements. You will need to fill out Form SS-4, the application for employer identification number. How do you structure an offer to a seller for owner financing? How do you ameturize the loan and payment and balloon payments?