Transfer Documents
Approval of Entity Sale of Assets
When the seller conducts the business through an entity and retains ownership of the entity following the sale of the business assets, the sale will require approval in accordance with the By-laws (for a corporation), the Operating Agreement (for a limited liability company) or the Partnership Agreement (for a partnership). Thus, proper documentation will be required in accordance with the entity establishment records in order to provide the necessary consent and authorization for the sale of the business assets.
