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Question about purchase agreements

should I use my personal name or biz name?

     
7:05 pm on Jun 29, 2008 (gmt 0)

10+ Year Member



Hi,
Recently sold a hobby website of mine and I'm currently reviewing the contract (purchase agreement) before i sign it. However, the buyer put my personal name down as the Seller. I can change this, no problem, but my question is: what should I use in place of my name, if any, for maximum protection? I am self-employed and have a sole proprietorship. Should I put my business in place of my name?

This is just a basic question, but thought I'd get it double checked here.

5:05 pm on Jul 1, 2008 (gmt 0)

WebmasterWorld Senior Member eelixduppy is a WebmasterWorld Top Contributor of All Time 5+ Year Member



You might want to check with a lawyer.
5:34 pm on Jul 1, 2008 (gmt 0)

WebmasterWorld Administrator lifeinasia is a WebmasterWorld Top Contributor of All Time 5+ Year Member Top Contributors Of The Month



And your accountant/tax preparer.
6:04 pm on Jul 1, 2008 (gmt 0)

10+ Year Member



Thans guys, but I got it squared away. We had a corporation set up a while back, I just forgot about that, lol. I've now put the name of the corporation on the contract instead of my personal name. More taxes to pay, oh well, at least I'll have peace of mind.
6:17 pm on Jul 1, 2008 (gmt 0)

WebmasterWorld Administrator lifeinasia is a WebmasterWorld Top Contributor of All Time 5+ Year Member Top Contributors Of The Month



You "forgot" about a corporation? How while back?
6:32 pm on Jul 1, 2008 (gmt 0)

10+ Year Member



Bad choice of words. I have a corporation and closed the checking account for that about 2 years ago. I never dissolved the corporation, so I'm going to open the checking account again in the coming days.
12:45 pm on Jul 4, 2008 (gmt 0)

10+ Year Member



Does anyoen know if you need to have an asset purchase agreement notarized?
 

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