Legal Forms & Templates


Required Legal Documents for the Sale of a Business

Here is a comprehensive collection of document templates, forms, and checklists prepared by the legal department at ExitAdviser. Feel free to download, modify, and use the files off-line.


Checking the Status

Communications Plan Template

A clear Communications Plan is essential to avoid information to leak out in an uncontrolled and damaging fashion. Make use to this template to prepare a professional plan of communication about your business sale.

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Preparing for Sale

Sales Memorandum Template

When selling your business, the Sales Memorandum is a document that owners tend to prepare to introduce their company to potential buyers. It is also known as the Memorandum of Sale.

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Complete Due Diligence Checklist

This worksheet provides a comprehensive, end-to-end list of terms and conditions that the parties want to consider in the buy–sell agreement and the types of documentation the seller or buyer should prepare for review.

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Due Diligence Checklist for Selling a Sole Proprietorship

Buying or Selling a Business? The due diligence checklist serves two purposes: to provide a list of possible terms and conditions of the deal and to show the types of documentation the seller (or buyer) should begin preparing for review.

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Due Diligence Checklist (General)

This is a general checklist of terms and questions to handle in the course of Due Diligence; i.e., the process of checking on everything before selling or buying a business.

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Closing the Deal

Letter of Intent to Buy a Sole Proprietorship

If your intention is to buy a sole-proprietor business, then use this template to write your Letter of Intent to the seller. This is also known as an Offer to Purchase a Business or Proposal to Buy a Business.

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Letter of Intent to Buy a Limited Liability Company

When you're negotiating the sale of a LLC, use a Letter of Intent proposal. The purpose of this document is to facilitate the start of a deal so that the buyer and seller understand the key business and contractual terms involved.

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Letter of Intent Template (General)

A Letter of Intent is a purchase offer typically sent by the buyer to the seller. It makes a proposal to buy the business in principle, subject to the terms and conditions set out in the Letter (offer). This forms the basis for a legally binding Business Sale Agreement.

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Term Sheet Template

A Term Sheet establishes that the parties agree general terms for a buy–sell agreement or acquisition contract. This is also known as the Letter of Intent, Proposal to Buy a Business, or Purchase Offer.

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Business Sale Agreement Template - Sole Proprietorship

When it's time to sell your sole proprietorship (or partnership), a Business Sale Agreement sets down the terms of the sale, including the purchase price and the closing details.

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Business Sale Agreement to Sell a Limited Liability Company

When it's time to sell your LLC, a Business Sale Agreement sets down the terms of the contract so you can make the sale/purchase official. The agreement helps you define the terms of the sale, including the purchase price and the closing details of the transaction.

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Stock Sale Agreement Template

Selling your shares in a company? A corporation stock sale agreement helps you define and agree the terms of the business sale. This includes the purchase price and the closing details of the transaction.

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Sale of Business Assets Agreement Template

What if you want to sell your company's assets such as real estate, machinery, etc., but not the whole business as a legal entity? A Sale of Business Assets is a contract for the sale of valuable properties (tangible and intangible) of a company.

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Non-Disclosure Agreement Template

Use a Non-Disclosure Agreement (NDA) with buyer prospects to keep control of your proprietary information. A non-disclosure contract helps you protect your business secrets such as customer data and pricing.

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Bill of Sale Template

When closing the business sale deal, a Bill of Sale is the document that explicitly transfers ownership of the business assets or shares (stock) and acts as a confirmatory receipt for the transaction.

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Disclaimer

Document forms and templates available at ExitAdviser have been prepared for informational purposes only and are not intended to provide, nor should be relied upon for legal advice. You should consult your attorney before engaging in any transaction.