Business sale — What You Need to Know
A business entity (LLC, corporation, partnership) is either the buyer or seller. The transaction requires proof of authority for the individual signing on behalf of the entity.
Seller guidance
If the business is selling, ensure the person signing the bill of sale has authority under the business's operating agreement, bylaws, or a board resolution. The title should be in the business's legal name. Provide the buyer with documentation of signatory authority (e.g., a certificate of incumbency or corporate resolution).
Buyer guidance
If buying on behalf of a business, confirm your authority to purchase in the business's organizational documents. The title should be issued in the business's legal name, and your EIN will be needed for the registration. If purchasing a vehicle from a business, verify the seller's representative has authority and that any prior UCC or tax liens on the vehicle are released.
Legal note
Contracts signed by an unauthorized representative of a business entity may be voidable under agency law and state corporation/LLC statutes. A business seller must ensure no UCC lien (Article 9 fixture filing) or federal/state tax lien is attached to the vehicle. Business vehicle sales may trigger additional tax reporting obligations (Form 4797 for depreciated business assets, potential sales tax on the entity's basis).
Business sale checklist
- Confirm the signatory has authority (operating agreement, board resolution, or power of attorney)
- Verify the title is in the exact legal name of the business entity
- Run a UCC and tax lien search on the business seller
- Obtain an EIN for title registration if buying on behalf of an entity
- Consult a tax advisor regarding depreciation recapture and Form 4797 implications
Personal Watercraft Safety & Recall Information
Data sourced from NHTSA safety ratings and recall databases
Average Safety Rating
0 / 5
Avg. Price Range
$3,000–$20,000
Odometer Disclosure
Not required
Safety checkpoints for personal watercraft buyers
- Inspect hull for spider cracks and stress fractures around mounting points
- Check wear ring and impeller clearance — determines acceleration and top speed
- Verify HIN (Hull Identification Number) matches registration
- Test electronic throttle and reverse operation
- Confirm lanyard kill-switch cuts power immediately when pulled
- Verify required fire extinguisher is present and current
- Test engine compartment ventilation blower (4-stroke models)
- Inspect tow eye, ski-tow ring, and grab handle attachment
Common recall categories
Fuel SystemSteeringHullEngineElectrical
On average, each personal watercraft model has approximately 1.2 recalls. Always check your specific vehicle at NHTSA.gov/recalls before completing a sale.
Ohio Tax & Fee Summary
State Sales Tax Rate
5.75%
5.75% state plus county taxes (total up to 8%)
Sales tax applies to private party vehicle purchases
Visit the official Ohio DMV website
Oxford Business sale personal watercraft pdf — when to file
Ohio requires title transfer within 30 days of the sale date on the bill of sale. For business sale transactions specifically, file at BMV Deputy Registrar – Oxford (Visit https://bmv.ohio.gov for the nearest Oxford, OH office) during normal hours: Mon–Fri 8:00 AM–4:30 PM. Miss the 30-day window and Ohio typically charges a late-transfer penalty plus accrued use tax, and the seller can remain on the title for civil liability until the buyer completes retitling. Bring the signed title, the completed Oxford bill of sale, your government-issued ID, and payment for the $15.00 title transfer fee plus 7.25% sales tax on the purchase price.
PDF reminder. Whether you keep your pdf as a signed digital PDF, both buyer and seller should leave the signing with an identical executed copy. The buyer needs the original to present at BMV Deputy Registrar – Oxford; the seller keeps a duplicate to prove the date of transfer if a future liability question arises before the title fully retitles.