Business Transfer Agreement – Sole Trader to Limited Company
This Business Transfer Agreement – Sole Trader to Limited Company is a simple short form asset transfer agreement covering the specific situation of a sole trader changing the business vehicle through which he/she operates to a limited company and requiring an agreement to document the transfer of his/her business assets and liabilities to the new company.
This agreement covers the assets that will generally be owned by a sole trader and require transferring, these By properly documenting the transfer, any future misunderstanding or dispute as to the ownership of the assets should be avoided. This agreement includes the following clauses: 1.Interpretation Schedule 1 – the sole trader This agreement has been drafted on the basis that the sole trader will own and control all the shares in the limited company and that the company has already been formed and registered with Companies House. For further information and all the documents required in order to form a limited company, please see our Company This agreement does not include any reference to tax, please refer to HMRC’s website and seek independent tax advice if necessary. If you are running a web based business or a business that is primarily conducted online, please refer to our Business Transfer Agreement – Sole Trader to Limited Company ( This Business Transfer Agreement is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes. Business Transfer Agreement – Sole Trader to Limited Company is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.
2.Transfer of the Business
3.Liabilities
4.Consideration
5.Completion
6.Employees
7.General
Schedule 2 – the company
Schedule 3 – the excluded assets
Schedule 4 – the premises