This bulletin will provide you with information concerning your business's sales tax responsibilities. The certificate allows a business to collect sales tax on taxable sales.The certificate comes from the New York State Department of Taxation and Finance (DTF). A Letter of Intent (LOI) to purchase a business is a formal document that outlines the key terms and conditions of a proposed business acquisition. Businesses can apply for certificates that exempt them from paying sales tax on certain items. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. This step-by-step guide will walk you through completing your transaction privilege tax return online at AZTaxes.gov. You must prepare a sales agreement to sell your business officially. This document allows for the purchase of assets or stock of a corporation. The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities.