Sale of a Business Package - Utah 2026

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  1. Click ‘Get Form’ to open the Sale of a Business Package - Utah in the editor.
  2. Begin by reviewing the form list provided. Familiarize yourself with each document included, such as the Agreement for Sale of Business and Asset Purchase Agreement.
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The Process to Buy or Sell a Small Business in Utah Business Valuation. Both parties should obtain an independent valuation of the business before advertising a business for sale or making an offer. Preliminary Negotiations. Due Diligence. Drafting Necessary Paperwork. Pre-Closing Review. Closing.
Form 4797 (Sales of Business Property), issued by the IRS, is used to report financial gains made from the sale or exchange of business property. The form requires a variety of information to be provided, such as the description of the property, the purchase date, depreciation, and the cost of the purchase.
Use form TC-69 to register with the Utah State Tax Commission for the taxes listed below. To register a DBA, use the Business Name Registration / DBA Application, available at all Department of Commerce registration locations, online at commerce.utah.gov, or by phone at 801-530-4849.
One piece of information that is traditionally held in confidence by both parties to a transaction involving a privately held company is the sale price of the business. Real estate transactions are publicly reported, but not sales of tangible intangible assets of privately held companies or sole proprietorships.

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