The importance of transferring a business by notarized deed
It is essential to include certain mandatory statements in the transfer deed (Commercial Code, Article L.141-1 I°) (origin of ownership, actual liabilities, turnover and results, reminder of accounting endorsement obligations). The omission of these statements may, at the buyer’s request made within one year, result in the annulment of the sale deed (Commercial Code, Article L.141-1 II°).