A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. Find info on the process of selling a business and business lawyers with NYC Bar.Or taking possession of any business assets (fill out and mail Form AU-196.10). •. Within 5 business days of receiving notification,. Both the buyer and seller must complete IRS Form 8594 during the sale to report the sale and purchase of business assets. The purchase price can include cash, promissory notes, assumptions of liabilities, dividends of cash or assets out of a company before a sale, deferred. Find the right New York, NY business asset you are looking for on BizBuySell. Browse 42 small and large business assets in New York, NY today! A business usually has many assets. You will need to allocate the amount reflected on form 8594 among all the assets.