Bill of Sale of Business Assets - Michigan

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A bill of sale documents the transfer of a business’s equipment, inventory, and other assets to a buyer. A bill of sale documents the transfer of a business’s equipment, inventory, and other assets to a buyer.

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Who this form is for

  • A bill of sale documents the transfer of a business’s equipment, inventory, and other assets to a buyer.

What you'll need

  • Read the packet and check the receiving agency's required form.
  • Gather the names, dates and supporting records requested in the document.
  • Review the packet's signing, identification and witness instructions.

How to complete it

  1. List the assets (Page 1) Attach a schedule if needed.
  2. Sign before a notary Bring a current, government-issued photo ID.
  3. Under MCL 205.27a, a buyer of a business must escrow enough of the price to cover the seller’s unpaid state taxes until the seller provides a tax clearance from the Michigan Department of Treasury, or the buyer may become liable.

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