![]() In some cases, a bill of sale is legally required. If you decide to draft a bill of sale for your use, you must be aware of the requirements the document must meet in the state of Pennsylvania. You can use a template provided by a tool like PandaDoc or you can draft your own. In Pennsylvania, a bill of sale is recommended if you’re buying a motor vehicle, boat, or livestock. Getting a bill of sale is always a good idea when buying or selling something valuable. Digital signatures are valid when completed through a certified digital signature provider such as PandaDoc.ġ. Certification/Signature: For a bill of sale to be valid, all parties need to sign it.Gift: A gift bill of sale is useful for filing taxes on the transfer during the next year if someone is giving another person a large gift.As-is: If a bill of sale lists the item as being sold “as-is,” then the buyer agrees to purchase the item in its current state with no holds on the seller.A witness may be a third party agreed upon by the seller and buyer or be a notary public. Witness information: Some bills of sale must be witnessed to be legally binding.Property location: Where the sold item is located, such as county or state.The bill of sale will list the date of sale and a description of the property. Property: The item that’s being sold is the property.Sales tax: If the sold item is subject to sales tax, the bill of sale should explain how much sales tax should be paid and whether the tax is included in the price.The bill of sale should include their name and address, along with the information about any additional buyers. Buyer: The person paying for the item is the buyer.The bill of sale should include their information, such as name and address. Seller: The person selling the item is the primary seller. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |