The Mississippi Bill of Sale Form establishes ownership transfer from the seller to the buyer. The free bill of sale template can be used by a dealership or an individual for a vehicle, boat, gun, or any other item. Below, we will take a closer look at the existing state bill of sale types, their enforcement, purposes, as well as recommendations on the document compilation.
What is a Bill of Sale in Mississippi?
According to the state laws, a Bill of Sale is a legal form that provides proof of a sales transaction between two parties. A sale always entails an ownership change, and that is when the bill of sale comes to the rescue. With this document, you can easily keep track of your transactions and resolve any occurring controversy.
Mississippi Bill of Sale Types
There are various Mississippi Bill of Sale types. All of them vary in contents (depending on the subject property item), but they serve the same purposes — providing legal protection and ensuring registration procedures. Let us review the main state bill of sale forms:
- General Bill of Sale
You may use this document to provide records of a tangible property item sale. The form provides general information on both parties and the subject property item.
- Boat Bill of Sale
One cannot operate any vessel in the state waters without proper registration. You will need to provide this particular BOS form and a completed safety education certificate to the Department of Wildlife, Fisheries, and Parks to obtain registration.
- Gun Bill of sale
This form will help you prove that you have purchased a weapon legally. Besides, you will have to get a concealed carry permit to handle the firearm provided a lawful reason.
- Vehicle Bill of Sale
One needs to transfer ownership when selling or buying a motor vehicle within the state. This bill of sale form will help you do that. Keep in mind that the vehicles bought in another state and brought to Mississippi must be registered as well.
Why Do I Need a Bill of Sale?
In many states, a bill of sale is necessary for getting a certificate of title. Mississippi is not an exception. You will only be able to register and operate your new tangible property if you have a relevant bill of sale.
The document can provide you with leverage in ownership disputes as well. It helps to make the sales transaction transparent and exclude any possibility of fraud.
Mississippi Laws and Requirements
All titling procedures in the state are regulated by the Mississippi Code. Guided by these regulations, the Mississippi Department of Revenue is issuing new certificates of title, collecting taxes that support both the state and local governments, and resolves disputes.
There are specialized state departments and agencies that are responsible solely for one personal property type registration. If you need to transfer ownership, check with the corresponding department for an exhaustive list of documents required for registration.
Take a look at the following section to find out more about the state registration requirements.
Do I Need to Have a Bill of Sale to Register a Vehicle, Watercraft, or Firearm in Mississippi?
The state of Mississippi has some interesting legal norms and regulations concerning registration and titling. For example, if you were born after 1980 and are willing to operate a watercraft in local waters, you will have to take a safety exam (online or in-person) and get at least 80 points out of a hundred. Pass the test and then send the necessary registration forms to the Boat Registration Department by mail.
Vehicle registration is also required. You get 30 days to register your new motor vehicle, or you will be subject to a 250 dollar penalty. Submit the necessary papers along with the relevant BOS form to the nearest County Tax Collector’s Office to register the vehicle. If you purchase a car or a motorcycle from a local dealership, they can provide you with a certificate of title as a courtesy.
You do not need a permit to buy a gun in the state. However, you will need a concealed carry permit to have it with you (except for a rifle). The bill of sale will help you obtain the permit, but you cannot carry a weapon at schools, government buildings, and places of worship.
Creating a Bill of Sale in Mississippi
We suggest using our latest software developments to build and fill out the necessary Mississippi Bill of Sale Form. Once you have printed out the form, follow our guidelines on how to fill it out.
- Provide the Parties’ Personal Data
Enter the signatories’ full names or a DBA name along with their physical addresses. Compare the indicated information with a valid identification document.
- Insert a Detailed Item and Payment Description
In this section, you will need to enter a thorough description of the subject item and insert payment details, including the amount, way of payment, and its due date.
- Submit Disclosures (If Applicable)
Some Bills of Sale require specific disclosures. Make sure to check with the latest legislative amendments and attach the necessary disclosure forms.
- Provide Date and Signatures
Each party has to fill in the current date and put a printed name and a signature in the corresponding boxes. At this stage, please check if the submitted information is accurate.
- Ensure Witnesses and Notarization
Usually, two witnesses are required for the document notarization. They should provide their printed names and signatures in the relevant sections. The last page is the Certificate of Acknowledgment. Let the Notary Public sign and seal the bill of sale form.