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 Business Asset With Customer In Virginia
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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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. In an asset sale, the new owner purchases the business's physical assets.The seller retains all rights to the legal entity. A sale of assets may be partial or complete. If you are selling the assets of your business, as opposed to the stock, you'll need to allocate the purchase price among the assets for tax reasons. A major tax consideration when you sell your business is whether you should sell the assets of the business or your stock in the company.