FORM 2 Regulation 19 Section 52 STATEMENT BY A VENDOR OF A SMALL BUSINESS Please Note The Following: 1 A Small Business

Total Page:16

File Type:pdf, Size:1020Kb

FORM 2 Regulation 19 Section 52 STATEMENT BY A VENDOR OF A SMALL BUSINESS Please Note The Following: 1 A Small Business

FORM 2 Regulation 19 Section 52 STATEMENT BY A VENDOR OF A SMALL BUSINESS Please note the following:

1 A small business is a business in which the goodwill, plant, equipment and fittings being sold have a total price of $200,000 or less.

2 This statement includes the Trading Statement.

3 A vendor who sells a business for $200,000 or less must sign this statement.

4 An estate agent, who acts for the vendor, must also sign this statement.

5 The vendor or agent must give the purchaser a copy of this completed vendor’s statement before the purchaser signs the contract AND before the deposit is paid.

6 The financial and accounting information in the Trading Statement must cover trading for at least 24 months or, if the vendor has owned the business for a shorter period, that period.

7 In the Trading Statement, the date on which the last accounting period ends must be a date less than four months prior to the date of sale.

Please complete the following:

VENDOR'S AGENT

Address DX Phone Fax

VENDOR

Address:

Phone:

PURCHASER

Address Phone

BUSINESS NAME

Address

Type

Recommended publications