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Key Points

Basic Transaction Information

Asset and Sale Purchase

Documents normally prepared by L. Gregory Loomar to confirm a closing of a business asset sale and purchase transaction:

•1. Contract for Sale and Purchase

•2. Bill of Sale

•3. Non-Lien Affidavit

•4. Seller's/Buyer's Affidavit

•5. Seller's/Buyer's Corporate Resolution

•6. Cooperation Agreement

•7. Affidavit of Transfer of Fictitious Name, advertising and telephone numbers

•8. Tax Reproration Agreement

•9. Assignment of Trade Name

•10. Assignment of Customer Contracts and accounts

•11. Assignment of Purchase and Sale Contract

•12. Non-competition Agreement

•13. Promissory Note

•14. Security Agreement

•15. Ucc-1 Financing statement

•16. Assignment of lease

•17. Collateral Assignment of Lease

•18. Employment Agreement

•19. Purchase Price allocation

•20. Inventory list/adjustment worksheet

•21. List of vendors/deposits

•22. Closing Statement

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L. Gregory Loomar, PA
8201 Peters Road, Suite 1000
Plantation, FL 33324
Phone: 954-239-7574
Toll Free: 888-351-1836
Fax: 954-239-9655
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