In other states, both the buyer and the seller need to sign. For example, in some states, only a buyer needs to sign a simple bill of sale. It’s also important to remember that a bill of sale is a legally binding document - which means you need to comply with your local state requirements when writing up a bill of sale. In some states, you’re legally required to issue a bill of sale if you’re buying or selling a car or animal. This grants proof of ownership to the buyer and protects you by proving you’ve sold that asset to the buyer. If you’re buying or selling an item or service, you should always make sure there’s a simple bill of sale involved.
It doesn’t matter whether you’re running a huge corporation, a remote startup, or selling cars on eBay. Get the template What is a simple bill of sale?Ī simple bill of sale is a legal document that records a transfer of property or a sale from one party to another it’s the legal proof of a completed transaction.Ī bill of sale can take many different forms, from a promissory note to a purchase receipt from a retail store that details information like: a list of the goods sold, the price, date, sales tax, and so on.
This guide explains what a simple bill of sale is, why you should use a simple bill of sale template, and how you can turbocharge your bookkeeping with ’s simple bill of sale template.
Even a misunderstanding between two parties during a transaction can lead to future disputes, lawsuits, and worse.įortunately, there’s an easy way to protect the seller and buyer from misunderstandings: create a simple bill of sale using a customizable template. Whenever you buy or sell something, you have to protect yourself and your business.
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