What type of entity is selling assets or stocks/shares? What type of entity is selling assets or stocks/shares? CorporationLimited Liability Company (LLC)General Partnership (GP)Limited Partnership (LP)Other Describe: What's being sold? What's being sold? Company assetsStock/shares Which assets will be purchased? Which assets will be purchased? All assetsSome assets List the specific assets: Is all stock being sold? Is all stock being sold? YesNo Buyer is purchasing: Buyer is purchasing: A number of sharesA percentage of total shares Enter percentage of shares: % Enter number of shares: Do you want to enter the class of shares being sold? Do you want to enter the class of shares being sold? YesNo - I'll do it later. Enter the class/series of shares: Where was the business incorporated? SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming Name of business: Do you want to enter the mailing address of the business? Do you want to enter the mailing address of the business? YesNo - I'll do it later. Mailing address: Purchase price: $ How will payment be made? How will payment be made? Lump sumPayment planOther Do you want to enter due date of first payment? Do you want to enter due date of first payment? YesNo First payment due on: When are payments due? When are payments due? WeeklyMonthlyQuarterly Which day of the week? SelectMondayTuesdayWednesdayThursdayFridaySaturdaySunday Which day of the month? Select1st2nd3rd4th5th6th7th8th9th10th11th12th13th14th15th16th17th18th19th20th21st22nd23rd24th25th26th27th28th29th30th Payment will be made in the following manner: Is a deposit required? Is a deposit required? YesNo Deposit amount: $ Deposit must be paid within how many days of agreement being signed? days Will there be an inspection period? Will there be an inspection period? YesNo During an inspection period, buyer can inspect company records. When will the inspection period end? Do you want to enter a closing date? Do you want to enter a closing date? YesNo Closing date: Does the seller retain any liabilities after the sale? Does the seller retain any liabilities after the sale? YesNo Liabilities could include debts, lawsuits, lease agreements, etc. Seller will retain the following liabilities: Will the seller be restricted from engaging in similar business? Will the seller be restricted from engaging in similar business? YesNo It's common for a seller to sign a non-compete, or agreement not to compete within a certain area for a specific period of time, following the sale of a business. Seller will be prohibited from following activities: Non-compete will remain in effect for: Non-compete will apply to the following geographic area: Any additional terms or conditions? Any additional terms or conditions? YesNo Additional terms or conditions: Where is this agreement being signed? SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming Buyer's name: Do you want to enter the buyer's mailing address? Do you want to enter the buyer's mailing address? YesNo - I'll do it later. Buyer's address: Seller's name: Do you want to enter the seller's address? Do you want to enter the seller's address? YesNo - I'll do it later. Seller's address: Effective date: Usually today's date. Next Save Save and finish later
