The purpose of this policy is to summarize the capital asset policies and procedures for Cuyahoga County ("the County"). A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto.Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. The amounts owed to the Foundation as of June 30,.