Mississippi Checklist - Sale of a Business

State:
Multi-State
Control #:
US-04096BG
Format:
Word; 
Rich Text
Instant download

Description

The sale of any ongoing business, even a sole proprietorship, can be a complicated transaction. The buyer and seller (and their attorneys) must consider the law of contracts, taxation, real estate, corporations, securities, and antitrust in many situations. Depending on the nature of the business sold, statutes and regulations concerning the issuance and transfer of permits, licenses, and/or franchises should be consulted. If a license or franchise is important to the business, the buyer generally would want to make the sales agreement contingent on such approval. Sometimes, the buyer will assume certain debts, liabilities, or obligations of the seller. In such a sale, it is vital that the buyer know exactly what debts he/she is assuming.
Free preview
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business
  • Preview Checklist - Sale of a Business

How to fill out Checklist - Sale Of A Business?

If you require to acquire, download, or print legal document templates, utilize US Legal Forms, the largest collection of legal forms available online.

Employ the site’s simple and user-friendly search feature to find the documents you need.

Numerous templates for business and personal purposes are organized by types and categories, or keywords.

Every legal document template you purchase is yours permanently. You have access to every form you saved in your account. Navigate to the My documents section and select a form to print or download again.

Complete and download, and print the Mississippi Checklist - Sale of a Business using US Legal Forms. There are millions of professional and state-specific forms available for your business or personal needs.

  1. Utilize US Legal Forms to acquire the Mississippi Checklist - Sale of a Business with just a few clicks.
  2. If you are already a client of US Legal Forms, Log In to your account and then click the Obtain button to get the Mississippi Checklist - Sale of a Business.
  3. You can also access forms you previously saved in the My documents tab of your account.
  4. If you are using US Legal Forms for the first time, follow the steps below.
  5. Step 1. Ensure you have selected the form for the correct city/state.
  6. Step 2. Use the Preview option to review the form’s content. Don’t forget to check the outline.
  7. Step 3. If you are not satisfied with the form, utilize the Search field at the top of the screen to find other variations of the legal form template.
  8. Step 4. Once you have found the form you need, click the Get now button. Choose the pricing plan you prefer and input your information to register for an account.
  9. Step 5. Process the payment. You can utilize your credit card or PayPal account to complete the transaction.
  10. Step 6. Select the format of your legal form and download it to your device.
  11. Step 7. Complete, modify, and print or sign the Mississippi Checklist - Sale of a Business.

Form popularity

FAQ

How to Sell a Small Business in 7 StepsDetermine the value of your company.Clean up your small business financials.Prepare your exit strategy in advance.Boost your sales.Find a business broker.Pre-qualify your buyers.Get business contracts in order.

The acquired assets usually include all fixed assets (usually supported by a detailed list), all inventory, all supplies, tools, computers and related software, websites, all social media accounts used in connection with the Business, all permits, patents, trademarks, service marks, trade names (including but not

Mississippi limited liability company's amendments may now be completed using the MS Secretary of State's online filing system. You will have the option to complete the whole process and pay online or print your amendment and mail it with a check payable to Secretary of State.

Legal documentsClient contracts and trading agreements evidence of your business agreements with clients and other parties.Employee contracts and agreements evidence of contracts between you and your staff.Franchise agreement (where applicable) evidence of your franchise agreement.More items...?

The only way a member of an LLC may be removed is by submitting a written notice of withdrawal unless the articles of organization or the operating agreement for the LLC in question details a procedure for members to vote out others.

Selling your business: major documents to have on-handFederal tax returns for the past three years (corporate or Schedule C)Income statements for YTD and the past three years.Balance sheets for the past three years.Statement of seller's discretionary earnings for most recently completed year.More items...?

Legal Documents Needed to Sell a BusinessNon-Disclosure Confidentiality Agreement.Personal Financial Statement Form for Buyer to Complete.Offer-to-Purchase Agreement.Note of Seller Financing.Financial Statements for Current and Past Two to Three Years.Statement of Seller's Discretionary Earnings and Cash Flow.More items...

Percentages of Ownership Members usually receive ownership percentages in proportion to their contributions of capital, but LLC members are free to divide up ownership in any way they wish. These contributions and percentage interests are an important part of your operating agreement.

How to Sell a Small Business in 7 StepsDetermine the value of your company.Clean up your small business financials.Prepare your exit strategy in advance.Boost your sales.Find a business broker.Pre-qualify your buyers.Get business contracts in order.

To change your registered agent in Mississippi, you must complete and file a Change of Agent form with the Mississippi Secretary of State, Business Services Division. The Mississippi Change of Agent form can be submitted in person or by mail and costs $50 to file.

Trusted and secure by over 3 million people of the world’s leading companies

Mississippi Checklist - Sale of a Business