{"ok":true,"canonical_url":"https://dealroom.so/glossary/bill-of-sale","api_url":"https://dealroom.so/api/public/glossary/bill-of-sale","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-16","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"bill-of-sale","term":"Bill of Sale","group":"People and paperwork","definition":"This is a legal document that formally transfers ownership of personal property from the seller to the buyer. Buyers receive this at closing to prove they now own the business assets.","what_it_means":"In an asset purchase, the Bill of Sale lists all acquired tangible and intangible assets, such as equipment, inventory, and goodwill. It's a critical closing document. Ensure it accurately reflects everything you are buying and that the seller has the authority to transfer clear title.","url":"https://dealroom.so/glossary/bill-of-sale","official_sources":[],"related":[{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"change-of-ownership","term":"Change of ownership","url":"https://dealroom.so/glossary/change-of-ownership"},{"slug":"goodwill","term":"Goodwill","url":"https://dealroom.so/glossary/goodwill"},{"slug":"loi","term":"LOI","url":"https://dealroom.so/glossary/loi"}],"related_questions":[{"question":"What if my personal credit report shows a recent charge-off from a past medical bill?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-report-shows-a-recent-charge-off-from-a-past-medical-bill"},{"question":"Can a seller-financed portion of the sale be considered part of my equity injection?","url":"https://dealroom.so/sba-loans/basics/can-a-seller-financed-portion-of-the-sale-be-considered-part-of-my-equity-injection"},{"question":"How does a lender verify equity injection from the sale of a cryptocurrency portfolio?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-equity-injection-from-the-sale-of-a-cryptocurrency-portfolio"},{"question":"Can I use proceeds from the sale of personal crypto assets for my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-proceeds-from-the-sale-of-personal-crypto-assets-for-my-equity-injection"},{"question":"How does a lender verify equity injection from the sale of a personal vehicle or boat?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-equity-injection-from-the-sale-of-a-personal-vehicle-or-boat"},{"question":"Can I use funds from the sale of my personal investments, like stocks, for my down payment?","url":"https://dealroom.so/sba-loans/basics/can-i-use-funds-from-the-sale-of-my-personal-investments-like-stocks-for-my-down-payment"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Bill of Sale","url":"https://dealroom.so/glossary/bill-of-sale","source_type":"DealRoom Data"}}