Picture of Ontario Offer to Purchase Business Assets and Shares Picture of Ontario Offer to Purchase Business Assets and Shares Picture of Ontario Offer to Purchase Business Assets and Shares

Ontario Offer to Purchase Business Assets and Shares

Have you decided to buy an established business in Ontario? You can write up your offer to purchase the assets and shares of the company with this downloadable template.

  • The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
  • Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
  • The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
  • The parties agree to review and make any adjustments to the purchase price six months after closing.
  • It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
  • This is a downloadable fully editable template in MS Word format.
  • Intended for use in the Province of Ontario, Canada.
Document Type: Microsoft Word
Last Updated: 09-December-2024
SKU: 1054
$29.99
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