Get a Free Business Legal Evaluation. Fill out the form below and one of our team members will be in touch immediately!In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Our guide aims to equip you with the knowledge and tools needed to ensure a successful and profitable business transaction in the dynamic Arizona market. 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. A corporation may: 1. Sell, lease, exchange or otherwise dispose of all or substantially all of its property in the usual and regular course of business. Business brokers are a good place to find an Arizona business. They often have good qualifications.