The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

What legal documentation is needed for a business sale?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (4)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539

Jun 13, 2017
No User Photo
Focus Business Law Group
Orange County, CA

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.

Apr 30, 2009
Steven St
World Business Partners, Inc
Los Angeles County, CA

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.


Purchase Agreement

Escrow Agreement

Bill of Sale

Amendment to Articles of Organization

Noncompete Agreement

Consulting / Employment Agreement

Consent of Landlord to Assignment of Lease

Landlord Estoppel Certificate

Assignment of Lease

Resolutions Authorizing the Transaction

Promissory Note

Security Agreement

UCC-1 Financing Statement

Deed of Trust

Personal Guaranty

Apr 26, 2009
No User Photo
Owner of ABC EXPERTS a liquor license consulting company
Los Angeles County, CA

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

Mar 27, 2009

Start a Discussion