What is the North Carolina Bill of Form?
In the state of North Carolina, a bill of sale form is necessary when you purchase or sell an item of high value or quality. This form is used to denote the exchange of legal ownership interest.
The North Carolina bill of sale form is a legal proof that a purchase of an item has been completed; it also provides necessary information about the seller, buyer, item purchased and the change of ownership.
Types Of Bill Of Sale Form In North Carolina
As important as the North Carolina bill of sale form is, there are different types of the sale forms to help both the buyer and seller complete a transaction on an item. They include;
Boat Bill of Sale
This form is used when an individual has come to the conclusion of selling or buying a boat and it's one of the many essential documents needed to make the transfer of title successful. In a boat bill of sale a proper description of the boats must be stated i.e make, year, title number, hull ID and odometer readings.
General Bill of Sale Form
As the name implies, general bill of sale is a form used to transfer ownership of any type of item or services at a particular price. In this type of form the buyer and seller is expected to sign with each party's information and the item being sold out or bought as evidence of a completed transaction.
Firearm Bill of Sale
This is a type of form that provides legal proof of the change of ownership of a handgun, shoot gun, refill or any other type of gun. Having a proper documentation of this form can protect the seller from any criminal issues of the sold weapon or gun.
Vehicle Bill of Sale
This form is strictly used when an individual acquires a vehicle (usually a used one) from a private sector or a friend. The form states every necessary information about the Vehicle, seller, buyer and the signatures of both parties.
Motorcycle Bill of Sale Form
This form shows the transfer of possession of a motorcycle from one person to another. It's a form that is more or less as a receipt of the transaction which must include specified information about the motorcycle, seller and buyer.
Business Bill of Sale
This form shows the legal transfer of possession or ownership of an existing business from a seller to a buyer. It also permits other registration processes regarding the business.
Mobile Home Bill of Sale
A mobile home is a structure that is built in a factory or is permanently attached to a chassis. This Bill of sale form involves the closing of a deal about a mobile home. It includes every basic information about the home.
Horse Bill of Sale
Anytime you plan on selling, buying, or transferring ownership of a horse from one person to another, you will need a Horse Bill of Sale. This sales document is important in detailing everything related to the purchase and transfer.
Furniture Bill of Sale
In the furniture bill of sale, the two parties involved are expected to sign the form to verify that the furniture has been sold or purchased and as evidence of payment.
Equipment Bill of Sale
This is a legal document that has several purposes and it's issued when dealing with equipment of higher purchase or value I.e office tools, electronics, office machineries etc. This form must state the make, model, year and serial number of the equipment as well as the sellers and buyers personal information with signature.
Dog Bill of Sale
This is a legally-binding document that shows the transfer or change of ownership of a dog and it also proves that the transaction between the two parties was completed with full payment.
When will you need a North Carolina Bill of Sale?
Knowing the right bill of sale form to use when purchasing or selling any item in North Carolina is very important. If you're a resident of North Carolina, you are expected to fill the North Carolina Bill of Sale form when you're interested in the purchase of an item of higher value or you want to change the ownership of the item.
This Bill of Sale form differs depending on the item to be purchased or sold. For instance, when you buy your vehicle from a car dealer the dealer is mandated by law to provide you a vehicle bill of sale form which will serve as a proof or evidence of the vehicle and also for future references.
How to Write a North Carolina Bill of Sale?
The Cocodoc platform has made it easy to write a North Carolina Bill of Sale. When writing the NC bill of sale, ensure you capture the following information:
- The seller's contact and personal information
- The buyer's name and personal information
- Date of sales which include day, month and year of transaction.
- The description of the item being sold or bought.
- The total purchase price of the item and method of payment has evidence that the item was fully paid for.
- Duplication of Bill of sale, a copy should be given to both the seller and buyer.
Getting the North Carolina bill of form shouldn't be really tasking anymore because the Cocodoc platform has been able to make these forms easily accessed on their page.
It should also be noted that as a seller, when issuing a bill of sale form for any item to a buyer, you shouldn't sign the form until a complete payment has been made on the item. This is because signing the document proves you agree with the buyer and the full payment has been made on the item.
North Carolina Bill of Sale FAQ
What documents are needed to sell a car in North Carolina?
Some documents needed to sell a car in the state of North Carolina include; a proof of identification, the vehicle's original or replacement title, lien release, odometer disclosure statement from MVR- 180 etc.
Does a bill of sale have to be notarized?
North Carolina does not necessarily require a bill of sale to be notarized, though notarization gives the document greater integrity.
How do I transfer ownership of a boat?
If the boat to be transferred is not titled, then the seller must provide the buyer a bill of sale form, signed and notarized by all owners listed on the registration.
Can a bill of sale be handwritten?
Yes, a bill of sale can be handwritten provided that it includes basic information about the item purchased or sold.
Does a bill of sale expire?
A bill of sale doesn't expire so long as the item sold or purchased still subsists.