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Business Bill of Sale Form (Purchase Agreement)

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The business bill of sale is a legal document that would outline an agreement made between seller(s) and buyer(s) and prove the legal execution and acquisition of the business. This document will provide information regarding the buyer(s), seller(s), information with regard to the terms of the sale and change of ownership.

The document will be necessary not only for company record keeping for both parties, but for the purpose of registration with the state in which the business resides and possibly to acquire operations, permits and licensing. This document will require acknowledgement by a state licensed Notary Public.

How to Write

Step 1 – The Parties – Enter the following in the fields provided:

  • Provide the date that the document is being signed in acquition – dd/mm/yyyy format
  • The name of the buyer
  • The buyer’s street address
  • Enter the name of the city
  • Enter the state where the buyer currently resides
  • AND
  • Provide the name of the seller
  • The street address
  • The City
  • The state

Step 2 – The Business – Complete the following fields:

  • With seller’s acknowledgement to the right to sell this business – enter the name for which the business is known
  • Enter the state of Incorporation
  • Enter the address of the principal office
  • Enter the City
  • Enter the state

As stated – the business is being sold “along with all it’s assets, shares, ownership interest, personal property, employees, leases, contracts, trademarks, copyrights, and any other tangible or intangible interest…”

Step 3 – Purchase Price – Enter:

  • The agreed purchase price
  • Enter the date the buyer agrees to transfer funds to the buyer in dd/mm/yyyy format
  • Buyer must read the seller’s agreement statement regarding education and familiarization of the business

Step 4 – Signatures – Provide the following:

  • Buyer’s Signature
  • Date of signature
  • Printed name of buyer
  • AND
  • Seller’s Signature
  • Date of signature
  • Printed name of seller
  • AND
  • Witness’ Signatures
  • Date of Witness’ signatures
  •  Printed names of witnesses

Step 5 – Certificate of Acknowledgement – Notarization – Once the Notary Public has witnessed all signatures, the notary will complete the document by provision of the following:

  • Name the state (upper left side of certificate)
  • Name of the county
  • Date the document
  • Name and identify the persons who appeared before you (the notary)
  • Provide signature
  • Print name
  • Provide expiration of license
  • Acknowledge by affixing the state seal

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