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MEMORANDUMAgenda Item No. 11(A)(1)TO:Honorable Chairman Jose \” Pepe\” Diaz and Members, Board of County CommissionersDATE:June 1, 2022FROM:Germ BonzonKeenan County AttorneySUBJECT:Resolution
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An establishing form purchase is a form used to officially record the purchase of a business or a significant portion of a business.
The buyer and seller of the business are both required to file an establishing form purchase.
To fill out an establishing form purchase, both parties must provide detailed information about the transaction, including the purchase price, assets involved, and any liabilities assumed.
The purpose of an establishing form purchase is to document the sale of a business and ensure that all relevant information is disclosed to the appropriate authorities.
The establishing form purchase must include details such as the names of the buyer and seller, the purchase price, a description of the assets being sold, and any liabilities being assumed.
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