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a business bill of sale is a legal document that recognizes the sale and change of ownership of a business a business bill of sale may be needed whenever a business is being sold the local and state governments need this document as proof of ownership for permits and other registration processes the business bill of sale sets the terms for the sale details key information of the buyer and seller and acts as a key record of the final transaction essential terms in a business bill of sale you will need the following date of the sale buyers name and address sellers name and address business name and details which include state of incorporation address of the businesss main headquarters assets shares personal property and other interests included with the company purchase price date of money transfer signatures and dates from the buyer and seller witness names signatures and dates certificate of acknowledgement from a public notary state and local laws may require additional information
