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 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