Business Transfer Agreement: incorporation of a sole trader or partnership

Business Contract Drafting

if you need business contracts drafted to suit your needs, then look no further than, which provides a range of services to help you create and customise your business agreements. 

This is a fast and efficient service used by a range of SMEs and other businesses to develop commercial contracts and other documents quickly, efficiently and, most of all, cost-effectively with their fixed price drafting service.  

Template:Business Transfer Agreement: incorporation of a sole trader or partnership to a company

Introduction to business sales

What Net Lawman says about this template:

"This is a comprehensive agreement for the sale of a business to a company or limited liability partnership (LLP) where the owners of the business being sold and the new company are one and the same.

Most businesses are started by individuals who work under their own name as sole traders. The disadvantage of this business structure is that the owner has personal liability for the mistakes of the business. Placing the business into a company or LLP gives the advantages of limited liability and the opportunity to sell discrete units(shares) of the whole business to raise finance or cash out.

After a period of operation, a business is likely to own property and have contractual relationships. Documenting the transfer of the business to a company by means of a sale provides a record of the transaction for tax purposes and ensures that arrangements with important suppliers and customers are carried over smoothly.

This agreement is suitable for any type of business, whether owned by one or several people.

We include warranties for good measure, although it is unlikely that they will be required as both the seller and the ultimate buyer are the same.

We intend for the deal to be completed on the same day as the payment and title is transferred, not at some future time.

The purchase price is apportioned among the assets so as to simplify tax planning.

In addition to this document, you may need agreements that set out how the company operates. These might include a shareholder agreement, modern articles of association that reflect how your company works, and notices and meeting minutes."

Detailed guidance notes are provided with each template. Net Lawman offers a money back guarantee if the document is not what you need, as well as a legal review option if you want some professional assistance when you are drawing up your documents.

Notice: Please note that the information provided on this page:

  • Does not provide a complete or authoritative statement of the law;
  • Does not constitute legal advice by Net Lawman or;
  • Does not create a contractual relationship;
  • Does not form part of any other advice, whether paid or free.

The documents menus are designed to describe the documents, but please be sure that you check them over carefully to ensure that they do meet your needs. All documents are subject to Net Lawman's Terms and Conditions, which we ask you to read before you purchase any documents.

We are pleased to be supported by Net as a leading independent online provider of ready-to-use legal documents for business users.

Net Lawman is a founding member of the Association of Publishers of Online Legal Documents (APOD).

APOD exists to:

  • promote the sale of online legal and business document templates;
  • educate the public about the need for legal documents to protect their interests, and in the online availability of professionally written and affordable template contracts;
  • promote and represent the interests of the Association and its members;
  • ensure professional standards for customers and the public in accordance with the APOD Code of Practice.

We always welcome your feedback so please do let us know what else you would like to know about using this Form.