Delaware Sale of a Business Package

State:
Delaware
Control #:
DE-P018-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains essential legal documents to assist individual or corporate buyers or sellers in the sale of a business. You may modify these forms to fit your particular circumstances. Some documents in this package are state-specific.



This package contains the following forms:



1) Agreement for Sale of Business- Sole Proprietorship

2) Asset Purchase Agreement

3) Bill of Sale for Personal Assets

4) Promissory Note

5) Landlord's Consent to Assignment of Lease

6) Retained Employees Agreement

7) Noncompetition Covenant by Seller

8) Profit and Loss Statement

9) Bill of Sale in Connection with Sale of Business by Individual or Corporate Seller


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FAQ

Every domestic or foreign corporation doing business in Delaware, not specifically exempt under Section 1902(b), Title 30, Delaware Code, is required to file a corporate income tax return (Form 1100 or Form 1100EZ) and pay a tax of 8.7% on its federal taxable income allocated and apportioned to Delaware.

Most businesses operating in or selling in the state of Delaware are required to purchase a resale certificate annually.Obtaining your sales tax certificate allows you to do so. In Delaware, this sellers permit lets your business buy goods or materials, rent property, and sell products or services tax free.

Yes, a State of Delaware business license is needed in addition to any professional licenses. Please visit the Division of Professional Regulations to see which professions require additional licensure.

State Licensing To obtain a Delaware business license: Visit Delaware's One Stop Business Licensing and Renewal service; or. Complete and remit the Delaware CRA form or call (302) 577-8778 to obtain one via mail.

To safeguard, online consumers and entrepreneurs, the UAE government has made it mandatory to have a trade license in Dubai.The trade license in Dubai must be sanctioned by the Department of Economic Development (DED) and the National Media Council (NMC).

Who is required to pay Delaware's Gross Receipts Tax? A. When you engage in business in the State of Delaware, you may be required to pay Gross Receipts Tax. This tax is paid by the seller of goods (tangible or otherwise) or the provider of services in the state.

Delaware does not impose a state or local sales tax, but does impose a gross receipts tax on the seller of goods (tangible or otherwise) or provider of services in the state.

Business Operation License. Employer Identification Number (EIN) Doing Business As (DBA) License. Seller's Permit. Sales Tax License. Home Occupation Permit. Occupational License.

Delaware: No sales taxDelaware's old welcome sign used to boast "Home of Tax-Free Shopping," and the state doesn't impose a state or local sales tax on goods, which can attract shoppers from other states.

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Delaware Sale of a Business Package