What is a Bulk Transfer?
A bulk transfer usually has to do with an agreement or series of agreements that provide for the orderly transfer of the various assets of one company from one owner to another. The bulk transfer is usually addressed in a series of steps or procedures that address the transfer of each asset of the company, continuing until all the assets are successfully conveyed. Bulk transfers usually begin with physical assets, such as buildings, land, and any inventory that is in the control of the company. The transfer of buildings and land is often a straightforward process, while the selling of inventory will often include conducting a count of all items listed in both supply inventories, goods in process, raw materials, and finished goods. Inventories also often include listings of furnishings and equipment that are being included in the overall terms of the sale. The selling of assets continues on through other assets in the possession of the company. This would include the transfer of any ban
