Required Information to Sell or Purchase a Business
The purpose of this is to allow both the buyer and the seller to have an attorney provide the necessary documents for the sale/purchase of a business. All parties in this transaction understand that in doing so, Denker Law Firm LLC has a conflicted interest, and attorney-client privilege will not exist between the parties. The parties will each sign a waiver of this conflict of interest.Denker Law Firm LLC will structure the transaction as an Asset Purchase Sale, with all applicable documents. Please answer all of these questions to the best of your ability.The only documents that will not be included are the business formation documents. If you would like us to assist with the business formation(s), please visit www.LexLaunch.Com or contact us at (816) 434-6610.
Legal Name of the Business
*
Business's Physical Address
*
State Business is Organized In
*
State(s) Business Is Registered as a Foreign Entity
What is the nature of the business being sold?
*
Seller's Information
Owner 1 Information
Full Legal Name of Owner
*
Addressof the Owner
*
Owner's E-mail
*
Owner's Phone Number
*
-
Area Code
Phone Number
Is Owner Married?
*
Yes
No
Spouse of Owner's Full Legal Name
First Name
Middle Name
Last Name
Does the business have another owner?
*
Yes
No
Owner 2 Information
Full Legal Name of Owner 2
*
Address of Owner 2
*
Owner's E-mail
*
Owner's Phone Number
*
-
Area Code
Phone Number
Is Owner Married?
*
Yes
No
Spouse of Owner's Full Legal Name
First Name
Middle Name
Last Name
Does the business have another owner?
*
Yes
No
Owner 3 Information
Full Legal Name of Owner 3
*
Address of Owner 3
*
Owner's E-mail
*
Owner's Phone Number
*
-
Area Code
Phone Number
Is Owner Married?
*
Yes
No
Spouse of Owner's Full Legal Name
First Name
Middle Name
Last Name
Buyer Information
Name of Business the assets are being transferred to (if any)
What will the Business Physical Address?
*
Full Legal Name of Buyer 1
*
Address of Buyer 1
*
Buyer's E-mail
*
Buyer's Phone Number
*
-
Area Code
Phone Number
Is Buyer Married?
*
Yes
No
Spouse of Buyer's Full Legal Name
First Name
Middle Name
Last Name
Is more than one person buying the business?
*
Yes
No
Buyer 2 Information
Full Legal Name of Buyer 2
*
Address of the Buyer
*
Buyer's E-mail
*
Buyer's Phone Number
*
-
Area Code
Phone Number
Is Buyer Married?
*
Yes
No
Spouse of Buyer's Full Legal Name
First Name
Middle Name
Last Name
Is there a 3rd person involved in buying the business?
*
Yes
No
Buyer 3 Information
Full Legal Name of Buyer 3
*
Address of Buyer 3
*
Buyer's E-mail
*
Buyer's Phone Number
*
-
Area Code
Phone Number
Is Buyer Married?
*
Yes
No
Spouse of Buyer's Full Legal Name
First Name
Middle Name
Last Name
What is being sold?
Is Buyer Entitled to use Current Name of Business?
*
Yes
No
Is Business to be terminated after Closing?
*
Yes
No, it may continue to operate at Seller's discretion
Are there any contracts or memberships of the business that will be taken over by Buyer?
*
Yes. Each one will be added in the list of assets provided below.
No
Please provide a comlete itemized list of the assets that are a part of this sale
*
Who will own any accounts receivable (A/R) not collected by the closing date of this sale?
*
Seller is entitled to all A/R
Buyer is entitled to all A/R
Buyer is entitled to a portion of A/R
N/A
Please provide a complete itemized list of all debts owed by the business
*
Price and Structure of Payment
What is the total purchase price? Do NOT include the price for real property, if any.
*
What is the total value of the itemized list of Assets provided above?
How will the purchase be financed by buyer? (check all that apply)
*
Cash / Down Payment
3rd Party Financing
Owner Finance
Other
What is the sum of Cash/DownPayment and 3rd Party Financing?
Owner Finance Information
Loans will be set at a fixed rate. If you wish to have an adjustable rate, or a balloon-type payment structure additional fees will apply.
Amount financed by Seller
Term of the loan
Frequency of Payments
Please Select
Monthly
Quarterly
Annually
Interest rate
How will Interest be Calculated?
Please Select
Simple Interest
Compounded Monthly
Real Estate
You will need to email us the deed reflecting your ownership of the property. This will be some form of Warranty Deed or Quit-Claim Deed. It is NOT a Deed of Trust.
Is any Real Property being purchased as a part of this transaction?
*
Yes.
No, but Buyer's will be assuming an existing Lease
No, and Buyer's will NOT be assuming an existing Lease
What is the address of the Real Property being sold?
What County does the Property Lie in?
*
Please provide a copy of the deed reflecting the current ownership of the Real Property being sold.
What is the purchase price for the Real Property?
Has the Buyer been given the right to inspect the property, and access to the property?
Yes. Buyer has already inspected the property
Yes. Buyer has not yet inspected the property
No.
Submit
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