Sale of a Business Package - Washington 2025

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 and buyer's details, including names and addresses, as well as the agreed sale price.
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'. Enter details about personal items included in the sale, ensuring they are free from claims.
5. Fill out the 'Promissory Note' if financing is involved. Specify loan amounts, interest rates, and repayment terms.
6. Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This ensures that lease agreements are transferred smoothly.
7. For employee retention, fill in the 'Retained Employees Agreement', detailing which employees will be kept and their compensation terms.
8. Include a 'Non-Competition Covenant by Seller' to protect your business interests post-sale.
9. Finally, prepare a 'Profit and Loss Statement' to provide financial transparency during negotiations.

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