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Sale of a Business Package - North Carolina

Sale of a Business Package - North Carolina 2025

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The document is a guide from U.S. Legal Forms, Inc. providing a Sale of a Business Package specifically for North Carolina. It includes essential legal forms necessary for buyers and sellers in business transactions, such as agreements, bills of sale, and financial statements. The package also offers tips for completing the forms and includes a disclaimer regarding the use of the materials, emphasizing that they are provided without warranty and advising consultation with an attorney for serious legal issues.

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Click ‘Get Form’ to open the Sale of a Business Package in the editor.
Begin with the 'Agreement for Sale of Business - Sole Proprietorship'. Fill in the seller's and buyer's details, including names and addresses, as well as the agreed sale price and terms.
Next, complete the 'Asset Purchase Agreement' by listing all assets being sold. Ensure that each item is clearly described to avoid any confusion.
Proceed to the 'Bill of Sale for Personal Assets'. Here, specify any personal items included in the sale, ensuring they are free from claims.
Fill out the 'Promissory Note' if financing is involved. Clearly state repayment terms, interest rates, and payment schedules.
Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This ensures that lease agreements are honored post-sale.
Finalize by reviewing all forms for accuracy. Use our platform’s features to save your progress and make edits as needed before signing.

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How to sell a business in NC?

Listed below by county are the total (4.75% State rate plus applicable local and transit rates) sales and use tax rates.

Is the sale of a business public record?

Steps for selling your business Step 1: Evaluate Your Business and Yourself. Step 2: Determine Your Timeline. Step 3: Determine the Value of Your Business. Step 4: Get Your Documents in Order. Step 5: Find the Right Buyer. Step 6: Prepare for Due Diligence. Step 7: Negotiate the Sale. Step 8: The Transition Post Sale.

How much does it cost to list a business for sale on BizbuySell?

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.