Step by Step Guide for Creating a Bill of Sale in Wisconsin
What are you selling today? The mere fact that you are reading this article tells us that you value yourself and you wouldn't want to appear in court or pay fines because you forgot to enter some details correctly or because you didn't enter some information like disclosures, right? Well, we have some great news for you: this article has all the information you need to know about a bill of sale in Wisconsin, the requirements for the BOS, and we will throw in details of some of the common types of bill of sale you will come across.
But, before we dig deep, what is a BOS? The BOS refers to the document created by a private seller to signify the sale of personal property and the subsequent transfer of ownership and obligations for the item to the buyer. Therefore, you could think of a BOS as proof of sale, proof of purchase, or proof of ownership documentation.
Like other states, the seller is the party that draws the BOS by writing or downloading a free bill of sale form in Wisconsin. And, being a legal document, it describes the parties involved in the transaction as a seller and buyer.
Now, the steps to creating a complete and valid BOS in Wisconsin
Get the free Wisconsin bill of sale form. The form must be specific to the item on sale unless you are selling smaller items or household goods where a general BOS will suffice
Indicate the date that you create the BOS
Put down the name and the address of the buyer. Do the same with your details. Names and addresses should be as they appear in the driver's license or the state ID. Even if you know the buyer, you must write down their names to protect yourself from liability should the buyer decide to take you to the court. The physical address is preferable to the P.O Box number.
Enter the amount agreed on as then selling price for the named price for the transfer of ownership rights for the item. You can call it the purchase consideration too.
Enter the specific details of the named asset. Indicate the date that the buyer pays for that item too.
Affirm the seller's disclosure: this is the part of the BOS where a seller mentions flaws of the named asset if any. You could also use it to guarantee the buyer that the item doesn't have any claims linked to it or any offsets.
Sign the BOS. A BOS is incomplete without the signatures of the buyer and the seller. These signatures must have dates on them. When selling large and valuable assets that require registration by the state, you have to get the BOS acknowledged at the notary public.
Note that the purchase consideration should be in US Dollars and put down in words first then in numbers. If trading the item for another, indicate it. And, if you are giving the 'buyer' the item as a gift, mention it and your relationship with the buyer.
There you have it: the steps and details that make a valid BOS. Next up, a look at some of the types of BOS you may need.
The BOS for motor vehicles
According to the DMV in Wisconsin, this BOS is necessary for buyers of property from private sellers. It is a requirement for the registration and titling of the vehicle. The downloadable BOS form in Wisconsin is Form MV2928. Besides the details above, the details of the car on sale should include the style and color, make, model, year, vehicle identification number, and the odometer reading.
The addresses of the parties should have the state name, zip code, state, and driver’s license numbers as proof of identity. The buyer and seller's name should be in print but if there is a co-seller or a co-buyer, write down their names. Co-buyers and co-sellers also have to sign and date document as do the main first named buyer or seller.
The BOS for Dogs or Puppies
If selling a puppy, you have to abide by some rules. The pups should be at least 7 weeks old. And, the state has restrictions on who can sell puppies too. It is only acceptable for animal shelters, dog breeders, dog dealers, animal control facilities, dog breeding facilities, and out-of-state dog dealers to sell puppies. If you are in this category, then you should fill the BOS with the relevant information needed to transfer the pup's ownership to the buyer.
Other than the standard details above and the purchase price enter the details of the dog. These details include the dog's name, date of birth, breed, sex, color, state of health, and the registration number.
You have to present the form to the notary public to get a certificate of acknowledgment.
The General BOS
This BOS recognizes the sale of items like furniture, lawnmowers, ATVs, jet skis, laptops, a television, jewelry, bicycle or any other valuables at home. You have to name the item then enter details like the make, model, year, size, shape, registration number, serial number, color or material, among other details.
The standard details noted above should be in the form too.
Get any of our bill of sale forms in Wisconsin and formalize that sale today.