Download FORM 2 Regulation 19 Section 52 STATEMENT BY A VENDOR OF

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FORM 2
Regulation 19
Section 52
STATEMENT BY A VENDOR OF A SMALL BUSINESS
Please note the following:
1
A small business is a business in which the goodwill, plant, equipment and fittings being sold
have a total price of $200,000 or less.
2
This statement includes the Trading Statement.
3
A vendor who sells a business for $200,000 or less must sign this statement.
4
An estate agent, who acts for the vendor, must also sign this statement.
5
The vendor or agent must give the purchaser a copy of this completed vendor’s statement
before the purchaser signs the contract AND before the deposit is paid.
6
The financial and accounting information in the Trading Statement must cover trading for at
least 24 months or, if the vendor has owned the business for a shorter period, that period.
7
In the Trading Statement, the date on which the last accounting period ends must be a date
less than four months prior to the date of sale.
Please complete the following:
VENDOR'S AGENT
Address
Phone
DX
Fax
VENDOR
Address:
Phone:
PURCHASER
Address
BUSINESS NAME
Address
Type
Phone
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