In an asset purchase in Texas, the buyer acquires all or part of a business's assets. In a Texas asset purchase, the buyer buys all or portion of a company's assets.In an asset sale, Company A transfers certain property to Company B in exchange for consideration (i.e. cash). An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. Before you buy an existing business, find out if the business owes any Texas taxes. An asset sale is a type of business transaction in which a buyer purchases all, or part of, a selling business' assets. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. The sale of a trade or business for a lump sum is considered a sale of each individual asset rather than of a single asset. Most buyers prefer an asset sale because it generally does not include the transfer of the seller's liabilities.