Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.

Bill of Sale

Definition

The document with which ownership of the assets of a business are transferred from seller to buyer if the sale is structured as an asset sale.

See Also

Closing, purchase agreement.

Tips

A bill of sale is only used if the sale is structured as an asset sale. When used, it transfers possession of the individual assets listed on the bill of sale from the seller to the buyer. A bill of sale is not necessary if the sale is structured as a stock sale.

Related Resources

Selling Your Business | Asset vs. Stock Sale