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Selling or Purchasing a Business

  

You (or the purchaser or the transferee) must complete Form CBS-1, Notice of Sale or Purchase of Business Assets (PDF 12 KB) PDF, and attach a copy of the sales contract and financing agreement, if outside your usual course of business, you sell or transfer the major part of

  • the stock of goods that you are in the business of selling,
  • the furniture or fixtures,
  • the machinery and equipment, or
  • the real property of your business.

If you need additional information, contact the Illinois Department of Revenue:

Bulk Sales Unit
Illinois Department of Revenue
100 West Randolph Level 7-400
Chicago, Illinois 60601
312-814-3063 (phone)
312-793-3841 (fax)

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