How To Use
A Certificate of Sale is a document often requested by a Buyer at a closing of a business.
It is a straightforward document that references back to the primary purchase agreement. Be sure that you have the facts correct when signing it. Have your attorney look this over as part of your overall purchase agreement.
This review list is provided to inform you about the document in question and assist you in its preparation.
- Make multiple copies to accompany the paperwork for the overall sale. The copies should be kept with those records that should wind up in the Corporate minute book and other relevant places after you have completed the sale or purchase, depending on which side of the transaction you are on.
Certificate of Seller
(Buyer)Reference: ______________________ (Agreement)
In consideration of the closing of the above transaction, the Seller hereby certifies that:
1. It is not and will not be a non-resident alien of the United States of America within the meaning of *Internal Revenue Code of 1986, *as amended.
2. It is the absolute owner of the Business and all chattels, fixtures and other equipment and assets set out in the Purchase Agreement (“Purchase Agreement”) between the Seller and the Buyer.