This simple budget template keeps things easy, weighing expenses against income for a quick financial overview. The template includes a basic dashboard that shows remaining income after expenses. Once the normalized EBITDA for the last three year has been calculated in step 2, you will have to select a level of EBITDA that you think will be maintainable by the company into the foreseeable future. The template calculates averages over the years but a lot of judgment comes into determining the appropriate level. When you're negotiating the terms of the sale of a business, a Sale of Business Asset Worksheet can help you outline all of the important details. It helps you understand the possible terms that might then be included in a formal legal document—the Business Purchase Agreement—that comes next. A Sale of Business Assets Worksheet helps determine the value of the assets, and what specifically will be considered assets. Any or all of the assets can be selected for purchase. Similarly, if you are a sole proprietorship, then what matters is your personal balance sheet, because the business does not exist as a separate legal entity. For example, pharmaceutical companies patent all their new drugs and therefore are protected as the sole providers of those drugs. When your doctor prescribes a brand-name drug, you’re getting a patented product.