Skip to main content

Previous

Next

002-029 - Important Documents Asset Ownership

It is very important that a business keeps full records of all documents relating to the acquisition and subsequent sale of business' fixed assets, so that these can be checked, if required, at some future time. This paper analysis the following items: Purchase Contract; Title Deed; Zoning Doc ...Read more
$11.00


  • Description
  • Specifications

It is very important that a business keeps full records of all documents relating to the acquisition and subsequent sale of business' fixed assets, so that these can be checked, if required, at some future time.

This paper analysis the following items:

  • Purchase Contract;
  • Title Deed;
  • Zoning Document - Correspondence relative to any special zonings that have been obtained from the Council.
  • Special Use Agreement - These documents are very important for negotiations at some time in the future, when you might be dealing with completely different Council.
  • Council Approval;
  • Access Agreement;
  • Mortgage Documents;
  • Insurance Policies;
  • Lease Agreement;
  • Sales Contract.

Going Concern Concept - This is very important for determining the amount of GST payable. There is an exemption available under the GST Legislation, if a building is sold as a integral part of the business, on the basis that the business is being sold on a going concern basis.

Attached is an Addendum containing a Property Ownership Summary, which records details of insurance, replacement value, etc.