Wichita Kansas Agreement for Purchase of Business Assets from a Corporation

State:
Multi-State
City:
Wichita
Control #:
US-0082BG
Format:
Word; 
Rich Text
Instant download

Description

A sale of a business is considered for tax purposes to be a sale of the various assets involved. Therefore it is important that the contract allocate parts of the total payment among the items being sold. For example, the sale may require the transfer of the place of business, including the real property on which the building(s) of the business are located. The sale might involve the assignment of a lease, the transfer of good will, equipment, furniture, fixtures, merchandise, and inventory. The sale may also include the transfer of the business name, patents, trademarks, copyrights, licenses, permits, insurance policies, notes, accounts receivables, contracts, and cash on hand and on deposit, and other tangible or intangible properties. It is best to include a broad transfer provision to insure that the entire business is being transferred to the Purchaser, with an itemization of at least the more important assets to be transferred.
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FAQ

Wichita first earned the title of Air Capital of the World in 1928, when the city's 16 aircraft manufacturers rolled out 120 airplanes off the production lines each week. At that time, one out of every four U.S.-built airplanes came from Wichita.

Wichita is known as the "Air Capital of the World." Wichita is the birthplace of Pizza Hut and White Castle fast-food chains. A.A. Hyde discovered Mentholatum in 1894 in the current The Spice Merchant & Company building.

Table Population Hispanic or Latino, percent(b) ?? 17.6% ?? 19.1% White alone, not Hispanic or Latino, percent ?? 61.6% ?? 58.9% Population Characteristics Veterans, 2018-2022 20,648 17,038,80757 more rows

With a crime rate of 44 per one thousand residents, Wichita has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 23.

Wichita growing, but not as fast as other major metros One reason for this is because Wichita is still recovering from the Great Recession and the exodus of working families that came with it, Hill said.

(9.97%) The 5 largest ethnic groups in Wichita, KS are White (Non-Hispanic) (61.9%), Black or African American (Non-Hispanic) (9.97%), White (Hispanic) (8.65%), Other (Hispanic) (4.84%), and Asian (Non-Hispanic) (4.76%). Wichita, KS - Data USA datausa.io ? profile ? geo ? wichita-ks datausa.io ? profile ? geo ? wichita-ks

The name Wichita comes from the Wichita Indians, who settled at various times in the vicinity, and means either "scattered lodges" or "painted faces," depending on which historian you ask. In 1868, a Wichita Town Company was organized with Mead and six others as original incorporators.

Wichita is a city in Kansas with a population of 395,951. Wichita is in Sedgwick County and is one of the best places to live in Kansas. Living in Wichita offers residents a dense suburban feel and most residents own their homes. In Wichita there are a lot of coffee shops and parks.

The 5 largest ethnic groups in Wichita, KS are White (Non-Hispanic) (61.9%), Black or African American (Non-Hispanic) (9.97%), White (Hispanic) (8.65%), Other (Hispanic) (4.84%), and Asian (Non-Hispanic) (4.76%).

The state of Kansas Wichita is the largest city in the state of Kansas and the 48th-largest city in the United States, with a population of more than 389,000. About Wichita | Learn About the Largest City in Kansas visitwichita.com ? about-wichita visitwichita.com ? about-wichita

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Wichita Kansas Agreement for Purchase of Business Assets from a Corporation