Business Asset Purchase and Sale

When selling or purchasing a business, you need to prepare documents listing everything that is being transferred, including bank accounts, inventory, equipment, goodwill, client list, and obligations of the business as well.  If there is going to be financing to purchase the business, this should be part of the agreement.   Also, if the owner of the business is an entity other than an individual, such as an LLC or a corporation, the purchaser will require proof of authority to sell the business.