Non-Corporations: If the target company is a sole proprietorship, partnership, or LLC, the sale is typically treated as an asset purchase. The buyer purchases the assets, including equipment, fixtures, and goodwill.A sale of assets may be partial or complete. Business Bill of Sale: This document outlines the sale details, including the purchase price, assets included, and any warranties or guarantees. The sale of a business is typically a frenetic time for both the seller and the purchaser. Are you looking to buy or sale a business in Georgia? If so, contact a qualified Atlanta Business Lawyer like Barnwell Law Group for legal assistance. Typically, businesses distribute or pay off unwanted assets and liabilities before closing. You utilize a stock purchase agreement when engaging in stock sales. Valuing a business accurately is a critical step in the process of selling your business in Georgia, a state with a diverse and evolving economic landscape.