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 For Business In Utah
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Multi-State
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US-00418
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If you are selling a business Utah law requires you to: File final tax returns within 30 days of the business sale. Appendix A: Site References; Legal Description.How to Sell a Business in Utah. Here are the steps you must take when selling your business in the Beehive State: Prepare your business' documentation. 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. An asset sale will likely result in a combination of gain taxed at both ordinary and capital gains rates, depending on the nature of the individual assets. You must prepare a sales agreement to sell your business officially. This document allows for the purchase of assets or stock of a corporation. Our business law experts provide tailored solutions for business and asset purchases. In an asset sale, the new owner purchases the business's physical assets.