The answer to your question depends first on whether you are selling the stock or assets of the business, as the documents vary considerably. Second, it depends on the specifics of the transaction. For example, do you need to pay off existing debt, will there be seller financing, is the business currently occupying leased or owned space? I agree with the previous responses to your question that it is crucial to retain an attorney experienced in sales of businesses. I would be glad to provide additional input. Please feel free to contact me directly.

In a typical business transfer in California the following documents can be used in a business sale. But you should still seek the advice of a competent attorney for any additional or subtraction of documents.

1.

Purchase Agreement
2.

Escrow Agreement
3.

Bill of Sale
4.

Amendment to Articles of Organization
5.

Noncompete Agreement
6.

Consulting / Employment Agreement
7.

Consent of Landlord to Assignment of Lease
8.

Landlord Estoppel Certificate
9.

Assignment of Lease
10.

Resolutions Authorizing the Transaction
11.

Promissory Note
12.

Security Agreement
13.

UCC-1 Financing Statement
14.

Deed of Trust
15.

Personal Guaranty

If your business has a liquor license, the sale and transfer of that license must first be approved by the State Alcoholic Beverage Control Department (ABC). You dont want to get a seller who is not qualified to obtain the license and unfortunately I have seen this much too often. Rene Guzman ABCEXPERTS@sbcglobal.net