New Jersey Business Bill of Sale
New Jersey does not require a bill of sale, but the New Jersey Motor Vehicle Commission recommends one. Fill in the form below and download a free, one-page New Jersey business bill of sale PDF that includes everything the New Jersey Motor Vehicle Commission looks for. Nothing you type leaves your browser.
Seller
Buyer
Business details
Price and terms
How to sell a business in New Jersey
A business bill of sale transfers the tangible and intangible assets of a small business, such as equipment, inventory, furniture, the trade name, customer list and goodwill, from the seller to the buyer at closing. It is the document that goes with the purchase agreement and is what the buyer shows to banks, landlords and the state when the business changes hands.
Seller steps
- Confirm you hold clear title. If a lender is on the title, get the lien release before you list it.
- Agree on the price and fill in the New Jersey business bill of sale above with the buyer. Record the serial number.
- Both parties sign and each keeps a copy. New Jersey does not require a notary.
- Hand over any registration papers, manuals, receipts or health records that go with the business.
- Hand over the business and keep your signed copy of the bill of sale for your records.
Buyer steps
- Check the description against the business itself before you sign.
- Keep the signed bill of sale with your records; it is your proof of ownership and purchase price.
- If you bought it for a business, give the bill of sale to your bookkeeper for the asset record.
Before you sign
- Attach an inventory and equipment list as a schedule for anything beyond a one-line description.
- Say clearly whether the buyer assumes any debts, leases or contracts.
- Both parties sign in their capacity (owner, member, president) if an entity is involved.
- This is the bill of sale, not the purchase agreement. For a sale above a few thousand dollars, have a lawyer draft the purchase agreement and use this as the closing document.
Why a bill of sale matters for a business
- Transfers the assets at closing in one signed document.
- Lists exactly what is and is not included, which prevents post-sale fights.
- Needed to transfer the DBA, licenses, lease and utility accounts.
- Supports the buyer's asset basis for taxes and the seller's gain calculation.
Want both parties to walk away with a signed copy and a notary page ready? The $9 ready-to-sign pack adds them.
New Jersey at a glance
- Bill of sale
- Not required, strongly recommended
- Notary
- Notarization optional
- Official state form
- None published; any signed bill of sale is accepted
- Where the buyer registers
- New Jersey Motor Vehicle Commission (www.nj.gov/mvc)
- Buyer's deadline to title
- 10 days from the sale
- License plates
- Stay with seller
New Jersey records the sale price, date and buyer's driver license number on the assigned title, so a separate bill of sale is not required for titled vehicles; a notarized bill of sale is required only for vehicles coming from a state that does not issue titles. Titles must be transferred within 10 working days to avoid a $25 penalty. Plates stay with the seller.
Checked October 2026 against the state's own guidance. Rules change; confirm before you file.
Other New Jersey forms
- New Jersey Vehicle Bill of Sale
- New Jersey Motorcycle Bill of Sale
- New Jersey Boat Bill of Sale
- New Jersey Trailer Bill of Sale
- New Jersey Firearm Bill of Sale
- New Jersey Mobile Home Bill of Sale
- New Jersey RV Bill of Sale
- New Jersey ATV / UTV Bill of Sale
- New Jersey Dirt Bike Bill of Sale
- New Jersey Golf Cart Bill of Sale
- New Jersey Jet Ski Bill of Sale
- New Jersey Snowmobile Bill of Sale
- New Jersey Scooter / Moped Bill of Sale
- New Jersey Equipment Bill of Sale
- New Jersey Tractor Bill of Sale
- New Jersey Horse Bill of Sale
- New Jersey Dog Bill of Sale
- New Jersey Livestock Bill of Sale
- New Jersey General Bill of Sale
Business Bill of Sale in other states
New Jersey business bill of sale questions
Is a bill of sale required to sell a business in New Jersey?+
New Jersey does not require a bill of sale, but the New Jersey Motor Vehicle Commission recommends one. New Jersey records the sale price, date and buyer's driver license number on the assigned title, so a separate bill of sale is not required for titled vehicles; a notarized bill of sale is required only for vehicles coming from a state that does not issue titles. Titles must be transferred within 10 working days to avoid a $25 penalty. Plates stay with the seller. New Jersey has no mandatory form, so any complete, signed bill of sale like the one generated here is accepted.
Does a New Jersey business bill of sale need to be notarized?+
New Jersey does not require notarization. Two signatures are enough. If you want extra certainty, the ready-to-sign pack includes a notary acknowledgment page you can use anyway.
Does the buyer need to file a business bill of sale in New Jersey?+
No. Businesses are not titled or registered with the state, so there is nothing to file. The signed bill of sale is the ownership record; each party keeps a copy.
Is a business bill of sale the same as a purchase agreement?+
No. The purchase agreement sets the deal: price, terms, representations, non-compete. The bill of sale is the closing document that actually transfers the assets. Small deals sometimes use the bill of sale alone; larger ones should have both.
Does it transfer the LLC or corporation?+
No. This transfers assets. Selling the entity itself is a membership-interest or stock sale and needs different documents. Most small-business sales are asset sales.
Do I need to notify the state?+
Usually the DBA (assumed name) and any licenses or permits have to be reassigned or re-filed, and some states have bulk-sale notice rules. Check with the secretary of state and your accountant.