The purchase price allocation process involves apportioning the aggregate cost of acquisition across the identifiable assets and liabilities obtained. This booklet is designed to provide information and assist corporations in filing their Georgia corporate tax returns.1. This section provides for the uniform calculation of value for all assets of the business owned on January 1 of this year. Expensed assets as well as. Any corporation whose net business income is principally derived from the manufacture, production, sale, or lease of tangible personal property shall be taxed. When buying a business, buyers usually must sign a non-disclosure agreement, or NDA, in order to review sensitive information about the business. Find out the steps to take when you're buying an existing business and the pros and cons of acquiring an existing business. Now, most business owners would love to receive an all-cash offer for their business. Documents that serve as acceptable proof of citizenship in the state of Georgia. Open Records Requests.