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. Bill of Sale
2. Non-Lien Affidavit
3. Seller's/Buyer's Affidavit
4. Seller's/Buyer's Corporate Resolution
5. Cooperation Agreement
6. Affidavit of transfer of fictitious name, yellow pages advertising and telephone
7. Tax Reproration Agreement
8. Assignment of trade name
9. Assignment of customer contracts and accounts
10. Assignment of purchase and sale contract (If to a corporation)
11. Non-competition Agreement
12. Promissory Note
13. Security Agreement
14. Ucc-1 Financing statement
15. Assignment of lease
16. Collateral Assignment of Lease
17. Employment agreement
18. Purchase Price allocation
19. Inventory list/adjustment worksheet
20. List of vendors/deposits
21. Closing statement