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Missouri Sale of a Business Package

Category:
Small Business - Business Sale
State:
Missouri
Control #:
MO-P018-PKG
Format:
Word; 
Rich Text
Instant download
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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

Domestic use means the portion of metered water service, electricity, electrical current, natural, artificial or propane gas, wood, coal or home heating oil that is used for non-business, non-commercial or non-industrial purposes. All of these items are exempt from sales and use tax under Section 144.030, RSMo.

Any social, civic, religious, political subdivision or educational organization can apply for a sales tax exemption by completing Form 1746 Document, Missouri Sales Tax Exemption Application. This form lists the information needed to verify the organization is indeed a tax-exempt non-profit organization.

To register a business, utilize the online registration system or submit a Missouri Tax Registration Application (Form 2643) Document.

What is subject to sales tax in Missouri? All sales of tangible personal property are taxable unless there is a specific statutory exemption. All sales of services listed as taxable in Section 144.020, RSMo, including telephone and telegraph services, are subject to sales tax.

If you will be selling goods in Missouri, you must register with the Missouri Department of Revenue (DOR) to obtain a retail sales tax license.For both types of tax, you can register online at the DOR's Online Business Registration site or on paper using Form 2463.

File online File online at the Missouri Department of Revenue. File by mail You can use Form 53-1 and file and pay through the mail. AutoFile - Let TaxJar file your sales tax for you.

In Missouri, the insurer will give you an affidavit to fill out and file with the state's revenue department so you can forego paying the sales tax on your newly purchased vehicle.

Step 1 Begin by downloading the Missouri Sales and Use Tax Exemption Certificate Form 149. Step 2 Identify the name, phone number, contact person, Doing Business As Name (DBA), address and Missouri Tax ID Number of the purchaser.

They have changed the letters; there is no longer an expiration date. They mailed out updated letters on Dec. 15, 2014 to every unit that had a current tax exempt letter as of Dec. 1, 2014.

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