Document Forms & Templates

Your Legal Paperwork for Selling a Business

Here is a comprehensive, end-to-end collection of agreement templates, form letters, valuation spreadsheets, and checklists for sale. Feel free to download, modify, and use the files provided online or off-line.


Checking the Status


Communication Plan Template

When selling a business, a clear Communication Plan is essential to avoid information to leak out in an uncontrolled and damaging fashion. Use of this template to prepare a professional plan of communication for your business sale.

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Advisory and Consulting Agreement

An advisory and consulting contract outlines the scope of the work, payment schedules, and deadlines when hiring an independent consultant or advisor. This sample template includes a confidentiality clause, indemnification clause, insurance expectations, as well as other key provisions designed to get the job done and protect you and your business.

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Preparing for Sale


Business Broker Agreement

This is a complete, well-balanced Business Broker Contract to list a business for sale. The agreement addresses interests of both parties to seal a win-win deal between a business owner and a business broker. Use this template to draft your own agreement.

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Business Valuation Template

This open-source MS Excel worksheet utilizes DCF (Discounted Cash Flow) - a widely accepted method among business appraisers to calculate the value of a profitable company. Use this free spreadsheet template to get a clue about how to price your business.

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Sales Memorandum Template

When selling your business, the Sales Memorandum is a document that owners tend to prepare to introduce the values of 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 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.

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Due Diligence Checklist for Selling a Sole Proprietorship

This due diligence checklist serves two purposes: to provide a comprehensive list of possible terms and conditions of the deal and to show the types of documentation the seller should begin preparing for the review.

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Due Diligence Checklist for Selling a Business

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

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Going to Market


Business for Sale Presentation Template

This is a sample PowerPoint template to help you present your business for sale. It has 7 slides for expressing the key values of the company. Feel free to download it; then update the file and create your very own version.

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Closing the Deal


Non-Competition Agreement

The purpose of a business-to-business Non-Compete, Non-Solicitation Contract is to restrict the Seller from entering into a business which will compete with the Buyer after the sale, for some period of time thus protecting the Buyer’s post-closing interests.

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Non-Disclosure Agreement Template

When selling or buying a business, use a Non-disclosure Agreement (NDA) or Confidentiality Agreement (CA) with buyer prospects to keep control of your proprietary information. It helps you protect your business secrets such as customer data and pricing.

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Letter of Intent Template 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 Template to Buy a Limited Liability Company

When you're negotiating the sale of an 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. LLC means Limited Liability Company.

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Letter of Intent Template to Purchase a Business

A Letter of Intent is a formal document that is provided by the buyer after an initial period of due diligence has been completed. This forms the basis for a legally binding Business Sale Agreement. Use this template to draft your own letter of intent (proposal) to purchase a business.

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Term Sheet Template

A Term Sheet establishes general terms for a buy-sell agreement on a business sale. This is also known as Letter of Intent, Proposal to Buy a Business or Purchase Offer.

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Term Sheet Template (Version 2)

A term sheet is a nonbinding agreement setting forth the terms and conditions (15) under which a deal will be made. It serves as a template to develop a more detailed legal agreement.

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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. Use this template to draft your own contract.

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Business Sale Agreement to Selling a Limited Company

When it's time to sell your Limited Liability Company (LLC), a Business Sale Agreement sets down the terms of the deal, such as purchase price, payment terms, and the closing details of the transaction.

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Stock Sale Agreement Template

A business stock sale agreement defines the terms of a business sale where the transaction involves the shares (stock) of the company. This includes the purchase price and the closing details of the transaction.

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Sale of Business Assets Agreement

What if you want to sell your company's assets but not the whole business as a legal entity? This is a contract (agreement) template for the sale of assets, both tangible and intangible, of a company. Included is a non-compete clause.

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Seller Financing Agreement Template

In some cases the buyer of a business may not have all the capital required to pay the full purchase price. One option to solve this problem is called Seller Financing (Owner Financing). This is a loan the seller makes to the buyer to facilitate the sale.

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Secured Promissory Note

Selling a business with seller financing: the Promissory Note is the instrument that lays out the exact terms of a loan including security, repayment, interest rate, and penalties.

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Bill of Sale Template

When closing a business sale, 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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All prices are in U.S. dollars.

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Why We Use Rich Text Format (RTF)?

The Rich Text Format (RTF) is a file format that was developed by Microsoft for cross-platform document interchange.

  • RTF is readable across many programs and platforms. All major word processing programs can read RTF. In addition, desktop database applications, e-mail clients, and operating systems (such as Macintosh, Windows, and Unix) can easily open, read, and save RTF files.
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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; no attorney-client relationship is established. You should consult your attorney before engaging in any transaction.