Receipts are legal evidence that ownership has been transferred,
and work well for sales of ordinary goods. However, you'll need a
bill of sale if you are buying or selling expensive items or unique
goods or equipment. Also, a buyer will need a bill of sale if
there's a chance that ownership needs to be proved at a later
time.
Important to Know:
This bill of sale should
not be used for selling the following:
- real estate
- assets of a business that transfer ownership of that
business
- intellectual property, such as a copyright or
trademark