Get Instructions Please Complete This Form If The Business Has Sold All Of Its Tangible Assets In

Completing the form for the transfer, sale, or disposal of all tangible personal property can seem daunting. This guide provides clear, step-by-step instructions on how to accurately fill out the required information online, ensuring compliance with the Maryland Department of Assessments & Taxation.

Follow the steps to fill out the form accurately and efficiently.

1. Click the ‘Get Form’ button to obtain the form and open it in your online document editor.
2. Enter the name of the business selling the property exactly as it appears on the Department of Assessments & Taxation records.
3. Select the type of business entity by checking the appropriate box, such as Corporation, LLC, or Sole Proprietorship, and provide the Department ID, Federal ID, federal principal business code, and phone number.
4. Fill in the address where the property was located, ensuring that a valid street address is provided (P.O. boxes are not acceptable).
5. Describe the nature of business conducted prior to the sale.
6. Enter the name of the business buying the property as it appears on DAT records, along with the same information regarding business type and identifying codes as required in Step 3.
7. Provide the mailing address of the purchaser.
8. List the exact street address where the property is currently located, include the county and town, if applicable.
9. Describe the nature of business conducted by the purchaser.
10. Indicate the date of sale, transfer, or disposal, and be aware of the submission deadline relative to the date specified.
11. Detail the manner of transfer.
12. Specify total consideration and breakdown amounts attributable to furniture, fixtures, equipment, and inventory, ensuring to explain any other amount if applicable. Remember to include a copy of the sales agreement and bill of sale if property was sold.
13. Provide a description of the property in question.
14. Affirm the accuracy of the provided information by signing and dating the form, making sure to select whether you are the seller or purchaser.
15. Once completed, save your changes, download, print, or share the form as required.

Start completing the necessary forms online to ensure compliance with your legal obligations.