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Sale of a Business Package - Arizona

Sale of a Business Package - Arizona 2026

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The document is a Sale of a Business Package from U.S. Legal Forms, Inc., designed to assist individuals or corporations in the legal processes involved in selling a business in Arizona. It includes essential legal forms such as agreements for sale, asset purchase agreements, bills of sale, and other related documents. The package also provides tips for completing the forms and includes a disclaimer regarding the use of these materials.

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Click ‘Get Form’ to open it 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.
Next, complete the 'Asset Purchase Agreement' by listing all assets being sold. Ensure 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. Include loan amounts, interest rates, and repayment terms.
Complete the 'Landlord’s Consent to Assignment of Lease' if applicable. This requires landlord approval for lease transfer.
Finalize with agreements regarding retained employees and non-competition clauses as necessary. Review all sections carefully before submission.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What assets are included in the sale of a business?

A business usually has many assets. When sold, these assets must be classified as capital assets, depreciable property used in the business, real property used in the business, or property held for sale to customers, such as inventory or stock in trade. The gain or loss on each asset is figured separately.

How to offset capital gains from sale of business?

11 Ways to Offset Capital Gains When Selling Your Business Hold Assets for Over a Year. Offset Gains with Losses. Structure the Sale as an Installment Sale. Leverage the Qualified Small Business Stock (QSBS) Exemption. Take Advantage of a 1031 Exchange. Invest in a Qualified Opportunity Zone.

How to sell a business in Arizona?

Arizona has long been underserved by traditional investment banking. Business owners often had two options: Work with a local business broker, who marketed deals through small networks, often one buyer at a time. Attempt to navigate the sale directly, relying on attorneys or accountants to represent them.

What are the assets of a business sale?

In an asset sale, you transfer a collection of the assets your business owns to a buyer. Some of the assets are tangible, like your building if you own it or your lease if you dont and your inventory. Others are intangible, like your customer list and the value of your brand.

What constitutes the sale of a business?

The sale of a business usually is not a sale of one asset. Instead, all the assets of the business are sold.

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What is not included in an asset sale?

An asset sale might not include all of the targets assets and potential liabilities. The buyer could acquire everything that the target owns, or it could acquire just one division, business line, or strategic asset. In particular, the target often retains some or all of its long-term debt obligations.

How do I report sale of business assets on my tax return?

Selling your business IRS Form 8594 (Asset Acquisition Statement Under Section 1060) can be used to provide this information. Form 8594 should also be attached to the buyer and sellers federal income tax return for that year. The IRS treats each asset as being sold separately in order to determine a gain or loss.

What is the sales tax rule in Arizona?

The state use tax rate is the same as the state transaction privilege tax (TPT) rate (sometimes referred to as sales tax), currently at 5.6 percent. In addition to state use tax, cities also assess use tax through TPT.

Sale of a Business Package - Arizona 2026

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