This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Sale Of Business Assets Agreement With Seller Financing In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
The contract will state the date at which the final transfer of ownership and possession of the business will occur, and when the seller will get the money. Seller financing can help get a deal across the finish line.Typically, this involves two documents: a financing agreement (basically a loan document outlining the details and terms of the loan) and a promissory note. You will need a promissory note and security agreement that addresses the key terms of the seller note. The tax implications of seller financing can vary based on the structure of the financing arrangement. Here are some general considerations.