A bulk sale is a sale of goods by a business which engages in selling items out of inventory (as opposed to manufacturing or service industries), often in liquidating or selling a business, and is governed by the bulk sales law. Article 6 of the Uniform Commercial Code (UCC), which has been adopted at least in part all states, governs bulk sales. The heart of the bulk sales law is the requirement that the transferee provide the transferor's creditors with notice of the pending bulk transfer. This notice is the essential protection provided to creditors; once notified, the creditor must take the necessary steps to adequately protect his or her interest.
New Hampshire Bulk Sale Notice
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US-04035BG
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How to fill out Bulk Sale Notice?
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FAQ
A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business.
New Hampshire Sales Tax Exemption / Resale Forms. If you are a retailer making purchases for resale, or need to make a purchase that is exempt from the New Hampshire sales tax, you need the appropriate New Hampshire sales tax exemption certificate before you can begin making tax-free purchases.
New Hampshire does not have a statewide general business license. Additionally, since there is no state sales tax, there is no New Hampshire seller's permit. However, businesses in certain professions are required to have specific licenses or permits.
The bulk transfer law is designed to prevent a merchant from defrauding his or her creditors by selling the assets of a business and neglecting to pay any amounts owed the creditors. The law requires notice so that creditors may take whatever legal steps are necessary to protect their interests.
Although New Hampshire does not impose a sales tax on customers making purchases of goods and services in New Hampshire, nor on goods and services purchased by its residents out of state for use, storage, or consumption in New Hampshire; other states do impose a sales tax on goods and services purchased by customers
However, you may go to the Requests for Resale & Exempt Certificates page under Taxpayer Assistance on our website, print a copy of that webpage and present it to any entity that requires confirmation that New Hampshire does not issue Certificates for Resale or Tax Exemptions.
The Bulk Sale law places the responsibility squarely upon the Buyer's shoulders to comply with the provisions of the statutes, unless the transaction is handled through an escrow in which event the Escrow Holder becomes responsible to comply with certain provisions of the Act Section 6106.2(b).
A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business.
The State of New Hampshire does not have a general sales and use tax. Therefore, the Department does not issue Certificates for Resale or Tax Exemptions, nor does the Department issue tax exempt numbers.
If you plan to do business in the state of New Hampshire, but your company was not formed there, you will often need to obtain a New Hampshire Foreign Qualification. Typically, doing business is defined by activities such as maintaining a physical office or having employees in the state.
