A business transfer letter is written to another company when it faces a huge loss and wants to transfer the business. This letter helps in making a final note to the seller that the organization now has a new owner. The letter should include all the details such as the new owner of the company etc. Since this is an official letter, it should be accurate, clear and concise. Make sure that all the relevant information is mentioned in the letter. This letter can be written by a company which has accepted the transfer proposal.
The business transfer agreement is a legal document, and it states that the buyer has paid the amount in full for buying the company. In case you have not written such a letter before, then there are essential tips that you should follow that will help you write the letter in a better manner. The template, sample and email format will also assist you in writing the letter.
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BUSINESS TRANSFER LETTER WRITING TIPS
- A memo format needs to be maintained for an official letter.
- The date of issue of the transfer of business should be mentioned explicitly.
- All the details related to the transfer of business should be stated.
- Communicate about the transfer of business to the staff before writing a letter.
- Make sure that the letter does not have grammatical, spelling and punctuation mistakes.
BUSINESS TRANSFER LETTER TEMPLATE
Use our free Transfer Letter to help you get started. If you need additional help or more examples check out some of the sample letters below.
_____________ ( your address)
_____________ ( address of the person the letter is addressed to)
Date: _________________ ( Date of which letter is written)
Subject: Business Transfer Letter
Dear Mr/Ms_________________ ,
This letter is regarding the business transfer of _________. We have considered your agreement to transfer the business from _________ to ___________. The managers of both the companies have had a meeting and the deal is sealed.
As per the agreement law, you need to sign all the business related documents. Attached is the agreement letter that includes all the details of the assets you have agreed to transfer. After all the documents are in place and signed, we will arrange a meeting to finalize the deal. For any doubts or questions regarding the transfer, feel free to contact me on **********.
SAMPLE BUSINESS TRANSFER AGREEMENT LETTER
Subject: Business Transfer Letter
Dear Mr Gayle,
I am John from Des Automobile Company, and we have considered your proposal of transferring your car service station to Des Automobile. The managers of both the companies had a meeting, and we are pleased to state that the proposal is accepted. All that we need from you is a signature on all the related documents from the concerned people. We have been informed that the deal needs to be finalized by this week.
All the documents are in place, and we just need signatures from you. Attached is the agreement letter along with the necessary documents that finalize the deal. After all the essential documents are signed and ready, we shall arrange a meeting in a couple of days to close the deal. For any doubts or questions regarding the transfer, feel free to contact me on **********.
BUSINESS TRANSFER LETTER EMAIL FORMAT
The following is an email format to be developed for writing a business transfer letter.
Subject: Business Transfer
Dear Mr Lee,
The letter is to formally announce and inform you that the store ‘GREAT CLOTHING STORE’ located at ABC Street, New Delhi is being transferred to the new owner Mr Sahuja. Earlier the store was owned by Ms Betty, head manager of GCS. The change of ownership would be effective from DD/MM/YYYY.
The change in the property occurred due to some personal reasons, and the new owner will be running the store with the wealth of his experience in the clothing industry. We intend to notify you that there is no change in the management of the warehouse. We assure you of the consistency in our services.
You have always been our valuable customer and client. We look forward to your cooperation. For further details, check out our website www.gcsdel.com.
Head of Management.