If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. The standard purchasing process for Allegheny County involves: requisitioning; public solicitation; bid and proposal receipt; evaluation and contract award.Section 2. PURCHASES. 2.1. Specifications. 2.2. Standardization. 2.3. Requisitions. 2.4. Confirming Orders. 2.5. Purchases of shares of the target company can likewise be handled on a taxable or non- taxable basis. The most important document in an asset deal is the Asset Purchase Agreement (the "APA"). In this article, I will discuss the key provisions of an APA. 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.