Business transfer agreement: incorporation of a sole trader or partnership to a company

United Kingdom

Updated: Apr 01, 2021

11 clauses


Zermina Siraj Ul Haq

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Zermina Siraj Ul Haq

Halcyon & Partners LLP

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Key description

  • This document is for use when selling an unincorporated business, such as that of a sole trader or a partnership, to a newly formed company or LLP whose shareholders are the owners of the business being sold. It formalises the transfer of the business into a company structure

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Covered clauses

General

  • Definitions

  • Interpretation

  • Agreement For Sale

  • The Price

  • Items To Be Delivered at Completion

  • Completion

  • Stocks and Debtors

  • Creditors and Liabilities

  • Value Added Tax (VAT)

  • Future Activities

  • Miscellaneous Matters

  • The Schedule - Fixed Assets


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