Portland Oregon Sale of a Business Package

State:
Oregon
City:
Portland
Control #:
OR-P018-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains essential legal documents to assist individual or corporate buyers or sellers in the sale of a business. You may modify these forms to fit your particular circumstances. Some documents in this package are state-specific.



This package contains the following forms:



1) Agreement for Sale of Business- Sole Proprietorship

2) Asset Purchase Agreement

3) Bill of Sale for Personal Assets

4) Promissory Note

5) Landlord's Consent to Assignment of Lease

6) Retained Employees Agreement

7) Noncompetition Covenant by Seller

8) Profit and Loss Statement

9) Bill of Sale in Connection with Sale of Business by Individual or Corporate Seller


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How to fill out Portland Oregon Sale Of A Business Package?

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FAQ

Overview of the Business Taxes The City of Portland began requiring a business license in 1854. Over the years, the City of Portland Business License Tax has been required for regulatory and revenue purposes.

What is the current Business Income Tax rate? The current rate is 1.45% on business profits (net income). The estimated total tax revenue for fiscal year 2020 is $96.5 million.

6 Steps to Prepare Your Business for Sale Offer incentives to your employees.Get a business valuation.Organize your books and paperwork.Understand your business's profitability.Market your business and find buyers.Make a sales agreement and transfer ownership.

Common steps to start a business Step 1: Choose your name & structure. Before you can register your business you'll need to choose a business name.Step 2: Register your business.Step 3: Get your tax numbers.Step 4: Insurance Requirements.Step 5: Permits & Licensing.Step 6: Employer Obligations.

This memo should include a description of your business, where it's located, what it's doing well, what's going on with competition in your market, what it is you make or do, how you operate, how you market, your projections, your financial information, and anything you need to disclose to a potential buyer.

How to Write a Proposal for a Business Sale Create An Outline. To make your proposal easier to create and to logically develop your content, create an outline of the information you will include.Describe The Business.Present Your Financial Data.Project Future Earnings.Make The Offer.Add Support.

HOW DO I GET ONE? An application can be faxed or mailed to you or you can come into our office to apply in person. Forms are also available on our web site at . Complete an application form and send it to the Revenue Bureau with the $100 minimum fee.

If you want to know how to find businesses for sale, an excellent place to look is on websites that list small businesses for sale. Websites like bizbuysell.com, bizquest.com, and franchisegator.com are online aggregators for small businesses and franchises for sale.

If your city or county requires an Oregon business license, it may cost anywhere from $50 to a few hundred dollars or it may be a percent of your net business income. This fee will vary wildly depending on the locality you are licensing in and sometimes on the type of business you operate.

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Portland Oregon Sale of a Business Package