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Agreement for Sale of Business - Sole Proprietorship - Asset Purchase

Maricopa Arizona Agreement for Sale of Business - Sole Proprietorship - Asset Purchase

Name: Maricopa Arizona Agreement for Sale of Business - Sole Proprietorship - Asset Purchase
Brand: US Legal Forms
Rating: 4.56 (394 reviews)

Category:

Small Business - Business Sale

State:

Multi-State

County:

Maricopa

Control #:

US-02502

Format:

Instant download

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Description

A sole proprietorship is a business which is owned by one person who is ultimately responsible for the final obligations of the business. This agreement allows a sole proprietor to sell his/her business according to the price and terms listed.

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FAQ

An asset purchase agreement is a legal contract to buy the assets of a business. It can also be used to purchase specific assets from a business, especially if they are significant in value.

What to include in a business sales contract. Name the parties. Clearly state the names and locations of the buyer and seller.List the assets.Define liabilities.Set sale terms.Include other agreements.Make your sales agreement digital.

Know How to Fill Out the Business Bill of Sale Date of Sale. Buyer's name and address. Seller's name and address. Business name and details, which include: State of incorporation. Address of the business's main headquarters. Assets, shares, personal property and other interests included with the company.

(1) A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price. There may be a contract of sale between one part owner and another.

A business sale agreement is a legal document that describes and records the price and other details when a business owner sells the business. It is the final step to transfer ownership after negotiations for the transaction have been completed.

The Basics of a Business Purchase Agreement Parties. This section appears at the beginning of the purchase agreement and lists the legal names of the seller and buyer, as well as their contact information. Description of Business.Sale.Covenants.Transition.Participation or Absence of Brokers.Closing.Appendices.

(1) Where there is a contract for the sale of unascertained or future goods by description and goods of that description and in a deliverable state are unconditionally appropriated to the contract, either by the seller with the assent of the buyer or by the buyer with the assent of the seller, the property in the goods

Here are parts of an asset purchase agreement that you may want to include in your document. Recitals.Definitions.Purchase Price and Allocation.Closing Terms.Warranties.Covenants.Indemnification.Governance.

In an asset sale the target's contracts are transferred to the buyer by means of assigning the contracts to the buyer. The default rule is generally that a party to a contract has the right to assign the agreement to a third party (although the assigning party remains liable to the counter-party under the agreement).

The following assets and liabilities are normally included in the sale: Working capital. Cash (but only the amount necessary to pay expenses for a reasonable period of time) Accounts receivable. Inventory. Work in progress. Prepaid expenses. Accounts payable. Wages payable.Furniture & fixtures. Equipment. Vehicles.

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ARIZONA PUBLIC SERVICE COMPANY and. Sole proprietors report business income on the Arizona individual income tax return.02 Unregistered Sales of Equity Securities. Agreements used or useful in the Business, including, without limitation, the Property. Risks. Transferability of interest. The sale of a sole proprietorship can be accomplished through a sale of the assets used in the business. United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Rapper Dj Nate is an Up N Coming Rapper from Chicago. Housing providers participating in the LIHTC program are required to charge reduced rents for low- and moderate income tenants.

Maricopa Arizona Agreement for Sale of Business - Sole Proprietorship - Asset Purchase

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