| A bill of sale is used to legally document, | | | | |
| and protect you when selling any personal | | | | Some important things to remember when |
| property to another person. If you don't | | | | filling out the legal form is to use "OR" or |
| legally document the transaction in writing | | | | "AND" in between the specified names if there |
| then there's no record of the transaction, | | | | is more than one name for the owner. Also, if |
| and therefore nothing to prove you have or | | | | ownership of the property is being |
| had any right over the item. Using a bill of | | | | transferred to a business entity then the |
| sale will protect the consumer rights of both | | | | signatures of two authorized persons are |
| the seller and the buyer. Using a bill of | | | | required. A copy of the business |
| sale is especially important when your the | | | | organizational papers must also be provided. |
| buyer, but still important for the seller | | | | Business organizational papers may include |
| too. | | | | things like Articles of Incorporation, |
| | | | Partnership Agreement, Articles of |
| Some things a bill of sale should cover is | | | | Organization, ect. |
| the date of the transaction, who sold what, | | | | |
| who bought it, and how much he or she paid | | | | Preparing your own bill of sale is pretty |
| for it. For example, in Arizona both the | | | | simple, a lawyer is not required. You could |
| seller(s) and buyer(s) must notarize all | | | | hire a lawyer though, but finding a bill of |
| signatures. If the Arizona bill of sale is | | | | sale form for your state on the Internet is |
| not notarized then it is void and not legally | | | | simple and easy. Since every state varies, I |
| valid. All parties must also appear before | | | | could only provide you with a guide to |
| the same notary all at the same time. | | | | complete a legal Arizona bill of sale, but if |
| Although, Arizona state does allow a separate | | | | you live in Arizona, follow it and you'll be |
| notary acknowledgement to be attached for | | | | just fine. |
| additional signatures. | | | | |