Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.If it's an asset sale, list the specific assets and liabilities included in the sale. This can include equipment, inventory, contracts, trademarks, and debts. Any person selling merchandise or services in Palm Beach County must have a local business tax receipt. Get your Business Tax Receipt. The county and city will require a Business Tax Receipt license. This asset purchase agreement outlines the sale of a business's assets from a seller to a buyer. Below is a list of forms that you may download for free from our website.