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Business Purchaser s Report of Sales and Use Tax ST-130 (8/15) Department of Taxation and Finance This form is for use only by New York State businesses not registered or required to be registered
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How to fill out business purchaser s report
How to fill out a business purchaser's report:
01
Begin by gathering all the necessary information for the report. This includes details about the business being purchased, such as the name, address, and contact information.
02
Next, provide a summary of the purchase. Include information about the buyer, seller, and any intermediaries involved in the transaction.
03
Outline the financial aspects of the purchase. This should include the purchase price, payment terms, and any financing arrangements.
04
Describe the assets being acquired in the purchase. This can include tangible assets like equipment and inventory, as well as intangible assets like intellectual property or customer lists.
05
Include information about any liabilities being assumed by the buyer. This can include outstanding debts, leases, or contractual obligations.
06
Discuss any conditions or contingencies that may affect the purchase. This could include regulatory approvals, financing requirements, or due diligence investigations.
07
Provide a timeline for the completion of the purchase. This should include key dates for signing the agreement, conducting inspections, and transferring ownership.
08
Finally, conclude the report with a summary of the benefits and risks associated with the purchase. This can help potential buyers make an informed decision.
Who needs a business purchaser's report:
01
Business buyers: Individuals or companies interested in acquiring another business will need a purchaser's report to evaluate the viability and potential risks of the purchase. It provides them with essential information to make an informed decision.
02
Sellers: Business owners looking to sell their company may also require a purchaser's report. It helps them showcase the value of their business and provides potential buyers with comprehensive information about the acquisition.
03
Intermediaries: Brokers, advisors, or consultants assisting with the sales process will also rely on the purchaser's report. It aids in negotiations, provides insights into deal structure, and supports their recommendations to buyers and sellers.
In summary, a business purchaser's report serves as a comprehensive document that outlines the details of a business acquisition. It is essential for buyers, sellers, and intermediaries involved in the transaction to make informed decisions and facilitate a successful purchase.
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What is business purchaser s report?
The business purchaser's report is a disclosure form that provides information about a business purchaser's financial status and purchasing history.
Who is required to file business purchaser s report?
Business purchasers who engage in significant transactions or have a significant financial impact on the business are required to file a business purchaser's report.
How to fill out business purchaser s report?
To fill out a business purchaser's report, provide accurate and detailed information about your financial situation, purchasing history, and any other relevant details requested on the form.
What is the purpose of business purchaser s report?
The purpose of a business purchaser's report is to help businesses assess the financial risk associated with potential purchasers and make informed decisions about entering into transactions with them.
What information must be reported on business purchaser s report?
Information such as financial statements, purchasing history, credit reports, and any other relevant financial information must be reported on a business purchaser's report.
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