Sale of a Business Package - Kentucky 2026

1. Click ‘Get Form’ to open the Sale of a Business Package in our editor.
2. Begin with the 'Agreement for Sale of Business - Sole Proprietorship'. Fill in the seller's and buyer's details, including names and addresses, and specify the sale price and terms.
3. Next, complete the 'Asset Purchase Agreement' by listing all assets being sold. Ensure that each item is clearly described to avoid any confusion.
4. Proceed to the 'Bill of Sale for Personal Assets'. Here, you will need to detail any personal items included in the sale, ensuring they are free from claims.
5. Fill out the 'Promissory Note' if financing is involved. Clearly state the loan amount, interest rate, and repayment schedule.
6. Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This form requires landlord approval for lease transfer.
7. For employee retention, fill out the 'Retained Employees Agreement', specifying which employees will be retained post-sale.
8. Include a 'Non-Competition Covenant by Seller' to protect your business interests after the sale.
9. Finally, prepare a 'Profit and Loss Statement' summarizing financial performance before finalizing your sale.

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