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 Purchase From Related Party In Utah
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
Any sale of an entire business to a single buyer is an isolated or occasional sale, and no tax applies to the sale of any assets made part of such a sale. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations.So when tangible personal property is part of an asset sale, the parties have to determine whether an exemption covers the asset sale. A Stock Purchase Agreement (SPA) is a formal contract that enables businesses to document the buying and selling of company stock between a seller and a buyer.