If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. 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.The following forms are available online for print-out purposes only. These forms will assist you with property assessments, filing deeds and obtaining a certified copy of military discharge papers. Applications will be pre-screened for completeness and applicant and property eligibility. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.