Sale of a Business Package - Michigan 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin with the 'Agreement for Sale of Business - Sole Proprietorship'. Fill in the seller's name, business details, and agreed sale price. Ensure all terms are clear and mutually understood.
3. Next, complete the 'Asset Purchase Agreement'. List all assets being sold, including equipment and inventory. Be specific to avoid any disputes later.
4. Proceed to the 'Bill of Sale for Personal Assets'. Enter details about personal items being sold alongside the business. This ensures clarity on ownership transfer.
5. Fill out the 'Promissory Note' if financing is involved. Clearly state repayment terms and interest rates to protect both parties.
6. Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This secures your lease agreement during the transition.
7. Finalize with any additional forms like the 'Non-Competition Covenant by Seller' and 'Profit and Loss Statement', ensuring all legal aspects are covered.

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