Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 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.Buying or selling a business? Answer a few simple questions to create your own Business Purchase Agreement. The documents you need to buy or sell a business depend on the structure (discussed here) and complexity of the deal as well as its specific terms. 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 title contains nearly 200 forms and precedents on equipment leasing and the sale and operation of a business. If you're selling a business in Canada, this Bill of Sale form is essential to transfer ownership of the assets to the buyer.