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Business Bill of Sale

    For the transfer of business ownership to be legally binding, the terms of the agreement must be clearly spelt out in a document called a business bill of sale. Because of the peculiarities of this document’s content, it is preferable to work with a bill of sale business template. Our templates can be easily customized to contain the basis of agreement between the buyer and seller. Check these templates out now.

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Business Bill of Sale
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Business Bill of Sale

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The business bill of sale legally binds the selling and buying of the business under the law and recognizes the change of ownership rights. Moreover, this document encloses valuable information regarding the seller and buyer and about the business being sold.

What Is a Business Bill of Sale?

The business bill of sale is a lawfully approved document that authorizes the selling and buying of a particular business including all its assets. Further, it declares the buyer as the new owner of that business.

It ensures that the rights and ownership of the business are transferred smoothly and successfully to the new owner, thereby avoiding any kind of dispute in the future. It plays an essential role in record keeping and can be used for small transactions of the business.

Both buyer and seller arrange the meeting of sale, discuss the basic terms and agreements of the sale before signing the document. The business bill of sale ensures that the transferred business is lien-free.

Download a Business Bill of Sale Template Today!

Using a proper and well-formatted business bill of sale can save you thousands of dollars in litigation fees in future. Good formatting and comprehensiveness is guaranteed with our business bill of sale template. Surf through our stylish templates and download now.

When Do I Need a Business Bill of Sale?

This document is needed for professional business matters to run smoothly. The following points indicate the importance of the business bill of sale:

  • It is particularly required when a business dealing is made, whether it is the whole business along with its assets or sale of a small business.
  • The business bill of sale is a written declaration of the transference of the ownership to another person i.e. the buyer. Hence, it is required when a person or a party decides to give the rights of a business to a buyer party.
  • This document is compulsory for the business registration process.
  • If a business bill of sale is not acquired while selling a business to a buyer, there is a high risk of the dispute of ownership along with other severe legal ramifications. Therefore, a business bill of sale is needed to prove your ownership.

How Do I Sell My Business?

The process of selling a business is comparatively more complicated than selling a property or a commodity. There are certain aspects of selling business such as:

  • Consult a business attorney and sales advisory board because larger and widely spread businesses have a lot of intricacies that must be scrutinized before purchasing.
  • It is recommended to hire a broker to facilitate yourself in the process of business selling. The broker can manage the selling process and arrange for potential buyers for your business.
  • Arrange for an evaluation specialist to calculate the estimated worth of the business considering the factors of risk, potential growth, size of the business.

As the deal finalizes, the seller will need certain documents to handover to the buyer.

Accounting Information

It is highly advised to hire a professionally licensed accountant so that he can arrange these following documents:

  • Profits Loss Statement
  • Balance Sheet
  • Cash Flow Sheet
  • Tax Returns (Last 3 years)
  • Bank Statements

Information about the Business

The seller needs to provide all necessary and relevant information regarding the business in the following order:

  • Company Information Summary
  • Security Report
  • Employee List
  • Business Bylaw
  • Media Accolades
  • Evaluation Materials
  • Marketing Strategy
  • Operation Information
  • Client Information

Legal Information

Gather all the legal paperwork that is required to transfer the ownership rights of the business. The required documents are:

  • Revenue Documentation
  • Profit Reports
  • Expense Reports
  • Non-disclosure Agreement
  • Letter of Intent
  • Articles of Incorporation
  • Partnership Agreement
  • ROI Analysis
  • Supplier Agreements
  • Assignment of Licenses
  • Assignment of Leases
  • Stock Status
  • Asset Acquisition Statement

Marketing Strategies

The seller can make arrangements to promote the business through advertisements and proper publication. Use the mediums of social media, newspapers, magazines, and articles, etc.

Include pictures of the business location, provide information regarding the type of business, and more importantly the selling price.

Finalizing the Deal

As soon as a potential buyer shows interest in buying the business, arrange for a face to face meeting. Discuss the terms and agreement of the deal. Decide on the realistic closing date. Fill the Business Bill of Sale form.

What Are the Components of the Business Bill of Sale?

The components of a business bill of sale include:

  • Address: Download the PDF Form and write the address of the location at which the bill of sale is being signed along with the date in the format of 'DD/MM/YY'. Also, write the full name of the seller of the business.
  • Price: Provide the agreed purchasing price of the business. Mention the price in words and numerical digits.
  • Information of buyer and seller: Write down the applicable names of the seller and buyer for acknowledging the legitimacy of the transfer.
  • Notarize: After everything has been finalized in the form and completely understood, the document will be notarized by the notary and the last few required things are county, date, notary’s name, seller’s name, notary’s signature, notary’s commission expiration date, notary seal, etc.
Download a Business Bill of Sale Template Today!

Using a proper and well-formatted business bill of sale can save you thousands of dollars in litigation fees in future. Good formatting and comprehensiveness is guaranteed with our business bill of sale template. Surf through our stylish templates and download now.


The business bill of sale aids the transference of your business to another potential buyer. If you are also seeking the perfect method for selling your business to a potential buyer then CocoSign has the solution to your problem. Get your free template for your ready-to-sale business today!


Business Bill of Sale


  1. The Parties. This document was signed on the ___ day of ________________, 20___ between _________________ with a street address of _____________________ City of _________________, State of _________________ (Hereinafter known as the “Buyer”) and _________________ with a street address of _____________________ City of _________________, State of _________________ (Hereinafter known as the “Seller”).
  2. The Business. Seller acknowledges they have the right to sell the business entity known as ______________________ incorporated in the State of _______________ with a principal office located at _____________________ City of _________________, State of _________________ along with all it’s assets, shares, ownership interest, personal property, employees, leases, contracts, trademarks, copyrights, and any other tangible or intangible interest (Hereinafter known as the “Business”).
  3.  Purchase Price. The Buyer and Seller agree to a purchase price of _______________ (US Dollars) to be acceptable for the sale of the Business. The Buyer agrees to make the funds available on the day of the transfer of the Business known as the ___ day of ________________, 20___. Before, during, and after the sale, the Seller agrees to do everything in their power to educate the Buyer about the practice of the Business.


Buyer Signature ____________________ Date _________ Print ________________

Seller Signature ____________________ Date _________ Print ________________


Witness Signature ___________________ Date _________ Print ________________

Witness Signature ___________________ Date _________ Print ________________


Certificate of Acknowledgement


State of ___________________

County of ___________________


On the ___ day of ________________, 20___ before me, ___________________, personally appeared, ___________________, ___________________, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument.                                                            

WITNESS my hand and official seal,



(Notary Signature)



____________________  My Commission Expires: ___________________

(Print Name)  



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