Sale of a Business Package - Ohio 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 and buyer's details, including names and addresses, as well as the agreed sale price and terms.
3. Next, complete the 'Asset Purchase Agreement' by listing all assets being sold. Ensure accuracy to avoid future disputes.
4. Proceed to the 'Bill of Sale for Personal Assets'. Here, specify 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 repayment terms and interest rates.
6. Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This ensures that lease agreements are honored post-sale.
7. Use the 'Retained Employees Agreement' to list employees who will remain with the business after sale, detailing their benefits.
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 an overview of financial health during negotiations.

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